Japan : Tax Convention between Japan and Latvia entered into force.
On July 5, 2017 the exchange of diplomatic notes for the entry into force of the Convention between Japan and the Republic of Latvia for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (English (PDF)Open a New Window / Japanese (PDF)Open a New Window) (signed on January 18, 2017, in Tokyo) took place in Tokyo.
The Convention, therefore, entered into force on July 5, 2017, the same day of the date of exchange of diplomatic notes and will have effect:
(a) in the case of Japan:
(i) with respect to taxes levied on the basis of a taxable year, for taxes of any taxable years beginning on or after January 1, 2018; and (ii) with respect to taxes levied not
on the basis of a taxable year, for taxes levied on or after January 1, 2018; and
(b) in the case of Latvia:
(i) with respect to taxes withheld at source, on income derived on or after 1 January, 2018; and (ii) with respect to other taxes, for taxes chargeable for any taxable year beginning on or after 1 January, 2018; and
The provisions concerning the exchange of information and the assistance in the collection of taxes have effect from July 5, 2017, the date of entry into force of this Convention, without regard to the date on which the taxes are levied or the taxable year to which the taxes relate.
[c] 2017 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Jul 6, 2017|
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