United Kingdom Tax Agency Posts Synthesized Text of DTA With Azerbaijan

The United Kingdom HM Revenue and Customs Feb. 9 posted a synthesized text of the 1994 DTA with Azerbaijan, and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Jan. 1, 2025. The MLI applies from: 1) Jan. 1, 2025, for withholding taxes; 2) April 1, for corporation tax in the U.K.; 3) April 6, for income tax and capital gains tax in the U.K.; and 4) taxable periods beginning on or after July 1, 2025, for all other taxes in Azerbaijan. The synthesized text is to facilitate ...