The UK HMRC has released the synthesized text of the tax treaty with Liechtenstein, regarding changes from the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
The Multilateral Instrument (MLI) applies to the 2012 United Kingdom-Liechtenstein tax treaty for taxes withheld at the source in both Contracting States, effective from 1 January, 2021; in the United Kingdom, effective from 1 April, 2021, for corporation tax, and from 6 April, 2021, for income tax and capital gains tax; and for all other taxes levied by Liechtenstein, applicable to taxable periods beginning on or after 1 October, 2020.
The preparation of this synthesized document was based on the reservations and notifications provided to the Depositary by both countries.
