United Kingdom Tax Agency Posts Synthesized Text of DTA With Indonesia

The United Kingdom HM Revenue and Customs May 8 posted a synthesized text of the 1993 DTA with Indonesia, and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Aug. 1, 2020. The MLI applies from: 1) Jan. 1, 2021, for withholding taxes in the U.K.; 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 Jan. 1, 2022, for all other taxes in Indonesia. The ...