HMRC has published the synthesised text of the UK’s double taxation convention with the United Arab Emirates, as modified by the ‘Multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting’ (MLI). The MLI allows jurisdictions to integrate elements of the OECD/G20 BEPS project into their existing bilateral tax treaties. It came into force for the UK on 1 October 2018 and for the United Arab Emirates on 1 September 2019.
The modifications made by the MLI are effective in respect of the 2016 UK-UAE double taxation convention 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 March 2020 for all other taxes levied by UAE, for taxable periods beginning on or after that date.
HMRC has published the synthesised text of the UK’s double taxation convention with the United Arab Emirates, as modified by the ‘Multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting’ (MLI). The MLI allows jurisdictions to integrate elements of the OECD/G20 BEPS project into their existing bilateral tax treaties. It came into force for the UK on 1 October 2018 and for the United Arab Emirates on 1 September 2019.
The modifications made by the MLI are effective in respect of the 2016 UK-UAE double taxation convention 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 March 2020 for all other taxes levied by UAE, for taxable periods beginning on or after that date.
