The Double Tax Agreement (DTA) protocol between Canada and the UK has signed on July 21, 2014 that amends its withholding tax and information exchange provisions. This contains a release from withholding tax for payments of interest made subject to loans between persons at arm’s length. At present, the rate of withholding tax for interest is 10% and for royalties it should not go above 10%. The protocol also includes a revised provision on the tax information exchange, which represents the new standards developed by the OECD. Canada and the UK must finish their relevant domestic ratification process before the changes can enter into force.
Peru-New resolution on reporting of stocks and shares
South Korea- No Budget for 2014
Related Posts
UK: HMRC urges remaining customers to sign up ahead of September deadline
The UK HM Revenue & Customs (HMRC) has announced that more than 436,000 sole traders and landlords have
Read More
US set to impose 50% tariffs on Canadian goods
The US is set to impose 50% tariffs on nearly USD 20 billion of Canadian goods beginning 19 August 2026, according to
Read More
Australia, Canada sign MOU on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the
Read More
Canada imposes provisional safeguard tariff on imports of wood cabinets, vanities
Canada’s Minister of Finance and National Revenue announced a provisional safeguard measure, in the form of a 25%
Read More
UK: HMRC outlines changes to VAT Capital Goods Scheme
The UK HM Revenue & Customs (HMRC) published Revenue and Customs Brief 7 (2026): Changes to the VAT Capital Goods
Read More
UK shifts steel strategy to quotas, activates major bicycle duties
After four days of administrative quiet, UK trade policy saw significant implementation this week, defined by a
Read More