United Kingdom Tax Agency Posts Synthesized Text of DTA With Latvia

The United Kingdom HM Revenue and Customs Aug. 28 posted the synthesized text of the 1996 DTA with Latvia and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Feb. 1, 2020. The MLI applies from: 1) Jan. 1, 2021, for withholding taxes; 2) April 1, 2021, for corporate tax in the U.K.; 3) April 6, 2021, for income tax and capital gains tax in the U.K.; and 4) taxable periods beginning on or after Aug. 1, 2020, for other taxes in Latvia. The synthesized text is to ...