HMRC has published the ‘synthesised’ text of the UK’s double taxation convention with Australia, as modified by the BEPS multilateral instrument (MLI). The MLI came into force for the UK on 1 October 2018 and for Australia on 1 January 2019.
The modified convention is effective from:
The authentic legal texts of the 2003 double tax convention and the MLI take precedence and remain the legal texts applicable. See bit.ly/2W1grxg.
The MLI allows jurisdictions to integrate elements of the OECD/G20 BEPS project into their existing bilateral tax treaties. HMRC published the final list of UK reservations and notifications for the UK’s ‘covered tax agreements’ under the MLI in July 2018.
HMRC has published the ‘synthesised’ text of the UK’s double taxation convention with Australia, as modified by the BEPS multilateral instrument (MLI). The MLI came into force for the UK on 1 October 2018 and for Australia on 1 January 2019.
The modified convention is effective from:
The authentic legal texts of the 2003 double tax convention and the MLI take precedence and remain the legal texts applicable. See bit.ly/2W1grxg.
The MLI allows jurisdictions to integrate elements of the OECD/G20 BEPS project into their existing bilateral tax treaties. HMRC published the final list of UK reservations and notifications for the UK’s ‘covered tax agreements’ under the MLI in July 2018.