United Kingdom Tax Agency Posts Synthesized Text of DTA With Pakistan

The United Kingdom HM Revenue and Customs May 7 posted a synthesized text of the 1986 DTA with Pakistan, and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force April 1, 2021. The MLI applies from: 1) Jan. 1, 2022, for withholding taxes in the U.K.; 2) April 1, 2021, for withholding taxes in Pakistan; 3) April 1, 2022, for corporation tax in the U.K.; 4) April 6, 2022, for income tax and capital gains tax in the U.K.; and 5) taxable periods beginning on or after Oct. ...