Tax treaties updated for MLI

HMRC has published ‘synthesised’ texts of the UK’s double taxation conventions with the Slovak Republic and Lithuania, as modified by the BEPS multilateral instrument (MLI).

The MLI modifies the 1990 Czechoslovakia/UK double tax convention as it applies to the Slovak Republic and the 2001 Lithuania/UK double tax convention. In both cases the modified provisions are effective from:

• 1 January 2019 for taxes withheld at source on amounts paid or credited to non-residents;
• 1 April 2020 for corporation tax;
• 6 April 2020 for income tax and CGT; and
• 1 July 2019 for all other taxes levied by the Slovak Republic/Lithuania for taxable periods beginning on or after that date.