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Treasury announces two entry-into-force dates

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Tax Hot Topics newsletterThe Department of Treasury announced in an Aug. 30 press release the entry-into-force dates for two recently ratified treaty protocols with Japan and Spain. The protocol with Japan entered into force on Aug. 30, and provides a significant reduction of taxes imposed on interest and certain dividends. The Spanish treaty protocol will enter into force on Nov. 27, and will reduce taxes on interest, royalties and certain direct dividends. Both protocols will also provide for mandatory binding arbitration to facilitate dispute resolutions between the U.S. and their treaty partner. Taxpayers should refer to the protocols for effective dates of specific provisions.

Contacts:
David Sites
Partner, Washington National Tax Office
T +1 202 861 4104

David Zaiken
Managing Director
Washington National Tax Office
T +1 202 521 1543

Cory Perry
Senior Manager
Washington National Tax Office
T +1 202 521 1509

Mike Del Medico
Manager
Washington National Tax Office
T +1 202 521 1522

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