Protocol Amending the Double Taxation Agreement between UK and China
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In an expected move, the Protocol to the Double Taxation Agreement between the UK and China recently entered into force on 13 December 2013, reports Nair & Co.’s International Tax Team.
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Protocol Amending the Double Taxation Agreement between UK and China
- 1. Protocol Amending the Double Taxation Agreement between UK and China Update from Nair & Co.’s International Tax Team (Bristol, UK) - In an expected move, the Protocol to the Double Taxation Agreement between the UK and China recently entered into force on 13 December 2013, reports Nair & Co.’s International Tax Team. The provisions of the protocol, which among others include a reduction in withholding tax to 5% on inter-company dividends fulfilling certain conditions, are applicable in China from 1 January 2014. The same shall apply in the UK on or after 1 April 2014 for corporate taxes and from 6 April 2014 for income and capital gains taxes. For details, please read our previous release at: http://www.nair-co.com/China-UKTaxProtocol-15-04-2013.aspx For more information about doing business overseas or to know more about our International Expansion Services team please contact us. Subscribe to regular global tax compliance alerts from Nair & Co. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-pointof-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867