Tax treaties enter into force

The 2023 UK-San Marino Double Taxation Convention entered into force on 30 November 2023, and takes effect in both countries generally from 1 January 2024, and from April 2024 for UK income tax, CGT and corporation tax purposes.

The UK-Luxembourg Double Taxation Convention was signed in London on 7 June 2022. It entered into force on 22 November 2023 and takes effect in the UK from:

• 1 January 2024 in respect of taxes withheld at source;
• 1 April 2024 in respect of corporation tax (financial years beginning on or after that date); and
• 6 April 2024 in respect of income tax and capital gains tax.

The convention takes effect in Luxembourg from 1 January 2024 for all taxes within scope.