As with all bilateral treaties, there needs to be mutual interest from both jurisdictions before negotiations can commence. While it is expected for each jurisdiction to push for terms that best meet its interests, compromises would have to be made to achieve an overall balance of benefits. Both sides may require more than one round of negotiations to resolve all outstanding issues and finalise the terms of the DTA.

Upon the conclusion of negotiations, both jurisdictions would arrange for the DTA to be signed by the relevant authorities. Following the signing, both jurisdictions would have to ratify the DTA in accordance with their domestic law and provisions of the DTA before it enters into force.

Find out more about international taxes and the Double Taxation Agreements (DTA).