HMRC has published the synthesised text of the UK’s double taxation convention with Malta, as modified by the BEPS multilateral instrument (MLI). The MLI allows jurisdictions to integrate elements of the OECD/G20 BEPS project into their existing bilateral tax treaties. The MLI came into force for the UK on 1 October 2018 and for Malta on 1 April 2019.
The ‘Multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting’ (MLI) modifies the 1994 Malta/UK double taxation convention with effect from:
1 January 2020 for taxes withheld at source on amounts paid or credited to non-residents;
1 April 2020 for Corporation Tax;
6 April 2020 for income tax and CGT; and
1 January 2020 in Malta for all other taxes for taxable periods beginning on or after that date.
HMRC has published the synthesised text of the UK’s double taxation convention with Malta, as modified by the BEPS multilateral instrument (MLI). The MLI allows jurisdictions to integrate elements of the OECD/G20 BEPS project into their existing bilateral tax treaties. The MLI came into force for the UK on 1 October 2018 and for Malta on 1 April 2019.
The ‘Multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting’ (MLI) modifies the 1994 Malta/UK double taxation convention with effect from:
1 January 2020 for taxes withheld at source on amounts paid or credited to non-residents;
1 April 2020 for Corporation Tax;
6 April 2020 for income tax and CGT; and
1 January 2020 in Malta for all other taxes for taxable periods beginning on or after that date.
