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U.S. Senate Foreign Relations Committee Approves Pending Tax Treaties and Protocols

On 10 November 2015, the U.S. Senate Foreign Relations Committee approved eight pending tax treaties and protocols, which are now to be put to a vote in the full Senate.

The pending treaties include:

  • The 2010 income and capital tax treaty with Chile, which is the first of its kind between Chile and the U.S.;
  • The 2010 income tax treaty with Hungary, which will replace the 1979 treaty; and
  • The 2013 income tax treaty with Poland, which will replace the 1974 treaty.

Then pending protocols include:

  • The 2013 protocol to the 2003 income tax treaty with Japan;
  • The 2009 protocol to the 1996 income and capital tax treaty with Luxembourg;
  • The 2013 protocol to the 1990 income tax treaty with Spain;
  • The 2009 protocol to the 1996 income tax treaty with Switzerland, and
  • The 2010 protocol amending the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters.

The pending treaties and protocols will enter into force after the ratification instruments are exchanged with the respective countries, and the protocol to the Mutual Assistance Convention will enter into force after the ratification instruments is deposited.

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