United Kingdom Tax Agency Posts Synthesized Text of DTA, Protocol With Panama

The United Kingdom HM Revenue and Customs Feb. 11 posted a synthesized text of the 2013 DTA and protocol with Panama and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force March 1, 2021. The MLI applies from: 1) Jan. 1, 2022, for withholding taxes; 2) April 1, 2022, for corporation tax in the U.K.; 3) April 6, 2022, for income tax and capital gains tax in the U.K.; and 4) taxable periods beginning on or after Sept. 1, 2021, for all other taxes in Panama. The synthesized ...