Income tax treaty, US and Bangladesh
The Treasury Department has announced the signing of a new income tax treaty between the United States and the People's Republic of Bangladesh. The proposed treaty generally follows the pattern of the U.S. model tax treaty and recent U.S. tax treaties, including recent agreements with other developing countries. The proposed treaty will be sent to the Senate for its advice and consent to ratification. If the treaty enters into force, it will represent the first tax treaty in force between the two countries.

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...back to 30 September 2004


Further information:
www.ustreas.gov/press/releases/js1959.htm
www.ustreas.gov/press/releases/reports/js1959_bangladeshtreaty.pdf
www.ustreas.gov/press/releases/reports/js1959_notes.pdf

Income Tax Treaty, US and Japan
The IRS and the Japanese National Tax Agency respectively have issued guidance regarding the commencement of application of the new income tax treaty between the United States and Japan in each country.

The treaty was signed on November 6, 2003 and entered into force on March 30, 2004. In respect of withholding taxes, the treaty takes effect from July 1, 2004.

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...back to 24 June 2004


Further information:
www.irs.gov/newsroom/article/0,,id=124226,00.html
www.irs.gov/pub/irs-utl/guidance_regarding_us-japan_treaty1.pdf

Social Security Agreement with Japan
A totalization agreement has been signed by the United States and Japan that will eliminate dual Social Security taxation that occurs when a worker from one country works in another country and is required to pay Social Security taxes to both countries on the same earnings.

The agreement must be approved by the U.S. Congress and the Japanese Diet before taking effect. The U.S. has similar social security agreements with 20 other countries, including Australia, Canada, Chile, South Korea, and nearly every country in Western Europe.

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...back to 3 June 2004


Further information:
www.socialsecurity.gov/pressoffice/factsheets/US-Japan.htm