September 17, 2021

Double Taxation Agreement Uk Thailand

Filed under: Uncategorized — dpk3000 @ 7:44 pm

It is much more common to use the services of a qualified accountant who is experienced in applying for tax relief through double taxation treaties. Fees vary depending on the complexity of a person`s personal circumstances, in almost all cases, tax savings exceed the costs of using an accountant – and they can be sure to pay the right amount of tax with absolute confidence. Every double taxation treaty is different, although many very similar guidelines follow, even if the details are different. Although relatively common, the application of double taxation treaties and, therefore, the right to tax relief can be a complex issue. Since there are many rules and complications that can arise when applying double taxation treaties, it is important to seek the help of a qualified and experienced accountant. If you are considered a tax resident in two or more countries, it is important to understand possible tax breaks through double taxation treaties Additional information about taxation in that country may appear in general works that are not included in this list. If you need help identifying available hardware, please contact the request team. The table below lists the countries that have concluded a double taxation treaty with the United Kingdom (as of 23 October 2018). An up-to-date list of active and historical double taxation treaties can be found on the UK Government`s website. (a) in the United Kingdom: (i) income tax; (ii) corporation tax; (iii) capital gains tax; (iv) tax on building land; and (v) the mineral oil tax; (hereinafter referred to as `United Kingdom tax`); (b) in Thailand: (i) income tax; and (ii) the mineral oil tax; (hereinafter referred to as “Thai tax”). 2. The Convention shall also apply to all taxes which will subsequently be levied by a State Party in addition to or in place of existing taxes, provided that the competent authorities of the States Parties accept that they are identical or substantially similar to those which existed before the time of signature of the Convention.

The competent authorities of the States Parties shall inform each other of any changes to their respective tax legislation. Two countries enter into double taxation treaties (also known as double taxation treaties) that set out the tax rules when it comes to a tax country of both countries. Determining the position of the person`s “contractual residence” is essential to determine whether it is possible to do so and how to apply a double taxation treaty, given that this is the country of contractual residence that generally assumes the taxing rights. Our specialized tax databases allow us to provide current and historical tax rates, comparative tables and country surveys. We have recent summaries of the most important facts, as well as detailed analyses of the tax system in countries around the world that cover corporate taxation, individual taxation, companies and investments. We have a collection of global double taxation treaties in English (and other languages, if available) to help members ask questions. If you are having trouble finding a contract, please call the application team on +44 (0) 20 7920 8620 or email us at Thailand Tax Profile Profiles created by KPMG highlights cross-border business and investment tax issues. The guide contains sections on corporate tax, transfer pricing, indirect taxation, personal taxation, trade and customs. Updated july 2018. For the purposes of this Article, we consider a person to be resident for tax purposes in the United Kingdom and another country, although there are double taxation treaties between two countries.

Therefore, we offer free advice with a qualified accountant who can provide you with answers to your questions and helps you understand if a double taxation treaty can apply to you and helps you save considerable amounts of unnecessary taxes. . . .