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Other news in brief

Other news in brief

A round up of other news this week.

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Also on home.kpmg

The protocol to the UK’s double tax treaty with Switzerland entered into force on 16 July 2019. It takes effect in the UK from: 1 January 2020 for taxes withheld at source; 6 April 2020 for income tax and capital gains tax; and 1 April 2020 for corporation tax. This protocol inserts a new “Entitlement to benefits” article, which restricts the availability of income or capital gains benefits, if it is reasonable to conclude that obtaining that benefit was one of the principal purposes of the arrangement. Among other amendments, the protocol also replaces elements of the associated enterprises and mutual agreement procedure (MAP) articles to reflect the 2017 OECD Model Tax Convention.

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