2301

HM REVENUE & CUSTOMS

UK/JAPAN DOUBLE TAXATION CONVENTION

A new Double Taxation Convention between the United Kingdom and Japan, which was signed in London on 2 February 2006, entered into force on 12 October 2006. The text of the Convention has been published as the Schedule to the Double Taxation Relief (Taxes on Income) (Japan) Order 2006 (Statutory Instrument No. 1924), copies of which can be obtained from The Stationery Office. The text of the Order can also be accessed on the Internet at http://www.opsi.gov.uk

In the United Kingdom the provisions of the Convention will take effect from 1 January 2007 (for taxes withheld at source), from 1 April 2007 (for corporation tax purposes) and from 6 April 2007 (for income tax and capital gains tax purposes). In Japan, the provisions will take effect from 1 January 2007.