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

The United Kingdom HM Revenue and Customs Aug. 28 posted the synthesized text of the 2013 DTA and protocol with China and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Sept. 1, 2022. The MLI applies from: 1) Jan. 1, 2023, for withholding taxes; 2) April 1, 2023, for corporation tax in the U.K.; 3) April 6, 2023, for income taxes and capital gains tax in the U.K.; and 4) taxable periods beginning on or after Jan. 1, 2023, for all taxes levied in China other than ...