4. The competent authorities of the States Parties may communicate directly with each other with a view to reaching an agreement within the meaning of the preceding paragraphs. If you are considered a tax resident of two or more countries, it is important to understand possible tax relief through double taxation treaties The table below lists the countries that have a double taxation agreement with the United Kingdom (as of October 23, 2018). On the UK government`s website, you will find an up-to-date list of active and historical double taxation treaties. Double taxation treaties (also known as double taxation treaties) are concluded between two countries, which define the tax rules when it comes to a tax resident of both countries. That`s why we offer a free initial consultation with a qualified accountant who can provide you with answers to your questions and help you understand if a double taxation treaty might apply to you and help you save significant amounts of unnecessary taxes. Every double taxation treaty is different, although many very similar guidelines follow, even if the details are different. 3. Where a person other than an individual resides in both Contracting States under paragraph 1 of this Article, he shall be deemed to be established in the Contracting State in which his place of effective management is located.
However, where such a person has the place of effective management of his activities in one of the States Parties and the place of his registered office in the other State Party, the competent authorities of the States Parties shall designate by mutual agreement the State Party in which the company is considered to be established for the purposes of this Convention. (d) if he is a national of both States Parties or of one of the two States Parties, the competent authorities of the States Parties shall decide by mutual agreement on the matter. Social security agreements have been concluded with the following countries: the use of a qualified accountant experienced in the use of tax breaks through double taxation treaties is much more frequent. 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. Desiring to conclude a Convention for the avoidance of double taxation and the prevention of fiscal evasion of income and capital gains, the competent authority shall, if the objection appears to it to be justified and if it is unable to find a satisfactory solution itself, shall endeavour to resolve the matter by mutual agreement with the competent authority of the other Contracting State, as regards tax evasion which is not in line with the Agreement. The Double Taxation Convention entered into force on 26 October 1988. 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. 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….