By Molly Ward
July 15—U.K.'s HM Revenue and Customs July 13 sent bills to parliament to ratify tax treaties with Uruguay and the United Arab Emirates. These are the first income tax-related treaties between the U.K. and these countries.
The treaty between the U.K. and Uruguay covers income taxes in the U.K. and personal income tax, nonresident income tax and tax for social security assistance in Uruguay. Articles in the treaty include income from employment, directors' fees, artists and sportsmen, pension, capital gains, pensions, students and other income.
While the UAE has no personal income tax, the new treaty between the U.K. and the UAE covers income from employment, directors' fees, entertainers and sportsmen, capital gains, pensions, students and other income.
Both treaties include articles regarding income from employment stating the time period for treaty exemption to be 183 days in any 12-month period.
The tax treaty with Uruguay was signed Feb. 24, 2016, and the tax treaty with the UAE was signed April 12, 2016.
The treaties will take effect once all countries have completed their ratification and exchange of instrument procedures.
To contact the reporter on this story: Molly Ward at email@example.com
To contact the editor responsible for this story: Michael Baer at firstname.lastname@example.org
The tax treaty between the U.K. and the UAE can be found at http://www.legislation.gov.uk/uksi/2016/754/pdfs/uksi_20160754_en.pdf.
The tax treaty between the U.K. and Uruguay can be found at http://www.legislation.gov.uk/uksi/2016/753/pdfs/uksi_20160753_en.pdf.
More information on payroll issues in the countries mentioned can be found in the U.K., UAE and Uruguay country primers.
Copyright © 2016 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)