Representatives of the financial authorities of both states signed a Memorandum of Understanding in May 2004. After years of support, the memorandum not only facilitates a formal basis for cooperation between the two authorities, but also facilitates information exchange and cooperation in the context of reflection investigations. The underlying objective of the agreement is to prevent financial crime. If you are looking at the provision of foreign services to UK customers, it would be beneficial to pay close attention to the terms of a double taxation agreement. In this article, we look at how the use of double taxation agreements can significantly reduce your tax debt in Britain… The new double taxation agreement between the United Kingdom and the United Arab Emirates came into force on 25 December 2016. In this article, we examine in detail the main terms of the contract… In order to stimulate the growth of international trade, including trade in financial services, successive Maltese governments have attempted to enter into double taxation agreements with major trading partners and emerging countries. These bilateral agreements address issues related to double taxation of passive and active income.

Existing tax treaties can be found here. Writing and publishing e-books has become a big deal. Many people write e-books and some generate considerable revenue. This article discusses UK tax planning for e-book charges, including how double taxation agreements can apply and how to avoid UK withholding tax…. In addition, directors who move abroad should ensure that they carefully balance their tax status. In particular, the terms of double taxation agreements can have a significant influence on the taxation of directors. This article discusses the impact of double taxation conventions on directors based abroad… Double taxation conventions are agreements between different countries that apply to determining which country imposes certain forms of income and profits.

However, the provisions are much broader and can also be used to determine the tax residence of an individual or business. The general rule is that if you have a job in the UK, the income from that job is subject to UK income tax. This applies regardless of your residency status. But that is not the whole story, because the terms of a British double taxation convention will affect this situation. In many cases, these contracts can be used to exempt any UK salary from UK income tax. In this article, we take a detailed look at the use of double taxation agreements to avoid UK income tax on UK employment income… The need for double taxation conventions is due to the fact that many countries tax both the income of their inhabitants and all the income generated by their borders. Thus, a person from a country (France) can be taxed by France on his or her global income. However, if part of its income was created in the United Kingdom, the United Kingdom might also want to tax income in the United Kingdom. This could lead to taxing twice the same income (i.e. income in the UK). Double taxation agreements come into play and could include either a tax exemption in one country or a tax credit that can be deducted from the other country`s tax debt.

Tax issue: A U.S. citizen and British resident currently relies on the U.K.-U.S. Double Tax Treaty (DTT) to treat his work as a British pension that generally corresponds to a U.S.-based pension plan, thus excluding pension contributions and U.S. tax growth.