On January 18, 2017 the UK HM Revenue & Customs (HMRC) issued a press release announcing that the Convention between the Government of the United Kingdom of Great Britain and Northern ireland and the Government of the United Arab Emirates for the Avoidance of Double Taxation and the Prevention of Tax Evasion and Avoidance with respect to Taxes on Income and on Capital Gains, which was signed on April 12, 2016, (Hereafter: the DTA) entered into force on December 25, 2016.

Based on Article 26, Paragraph 2 of the DTA, the fact that the DTA entered into force on December 25, 2016 means that the provisions of the DTA shall have effect:

(a)  with regard to taxes withheld at source, in respect of amounts paid or credited on or after January 1, 2017;

(b)  with regard to other taxes, in respect of taxable years (and in the case of United Kingdom corporation tax, financial years) beginning on or after January 1, 2017.

For an analysis of a selection of provisions included in the DTA we refer to our article from June 29, 2016.

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