The Double Taxation Relief and International Tax Enforcement (Ecuador) Order SI 2024/1365 gives effect to the 2024 UK-Ecuador double taxation agreement – the first DTA between the two countries. The Explanatory Memorandum to the Order summarises key provisions including where the agreement departs from the OECD Model Tax Convention – for example defining ‘permanent establishment’ in wider terms (Article 5) and omitting a mandatory binding arbitration provision for resolution of treaty disputes (Article 24). Entry into force of the DTA will be notified in The Gazette.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
The Double Taxation Relief and International Tax Enforcement (Ecuador) Order SI 2024/1365 gives effect to the 2024 UK-Ecuador double taxation agreement – the first DTA between the two countries. The Explanatory Memorandum to the Order summarises key provisions including where the agreement departs from the OECD Model Tax Convention – for example defining ‘permanent establishment’ in wider terms (Article 5) and omitting a mandatory binding arbitration provision for resolution of treaty disputes (Article 24). Entry into force of the DTA will be notified in The Gazette.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
