The new UK/Senegal double taxation convention, signed on 26 February 2015, entered into force on 30 March 2016.
It is effective in Senegal:
· in respect of tax withheld at source, on income received on or after 1 January 2017; and
· in respect of other taxes, for taxable years beginning on or after 1 January 2017.
It is effective in the UK:
· in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6 April 2016; and
· in respect of corporation tax, for any financial year beginning on or after 1 April 2016.
The provisions of article 24 (mutual agreement procedure), article 25 (exchange of information) and article 26 (assistance in the collection of taxes) have effect from 30 March 2016.
The new UK/Senegal double taxation convention, signed on 26 February 2015, entered into force on 30 March 2016.
It is effective in Senegal:
· in respect of tax withheld at source, on income received on or after 1 January 2017; and
· in respect of other taxes, for taxable years beginning on or after 1 January 2017.
It is effective in the UK:
· in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6 April 2016; and
· in respect of corporation tax, for any financial year beginning on or after 1 April 2016.
The provisions of article 24 (mutual agreement procedure), article 25 (exchange of information) and article 26 (assistance in the collection of taxes) have effect from 30 March 2016.
