Cookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.
UK and Ecuador announce tax treaty
Newsletter issue – September 2024
The Government has published details of a new tax treaty with Ecuador. The UK and Ecuador signed their first comprehensive double tax treaty on 6 August. Once ratified, it will affect taxation on income and gains between the two countries. It will mainly cover UK income tax, corporation tax and capital gains tax and is primarily based on the OECD Model Tax Convention (MTC), bar a few deviations.
The treaty document, published by HMRC states: “The Convention shall apply also to any identical or substantially similar taxes that are imposed after the date of signature of the Convention in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in their taxation laws.”
If you require advice on anything to do with international taxes, please contact our team.
JOIN OUR NEWSLETTER
Sign up with your email to get updates about
resources releases, tax news and special offers.
- GET A FIXED QUOTE
- BUSINESS ADVICE
- PERSONALISED SERVICE
Saving money on your Mileage and Tax Bill
Are you like many of our clients, somewhat struggling at keeping track of your mileage to offset... Read More
Posted on Wed, 19 Aug 2015
TWITTER
Tweets by @OWSupportThe Government has published a policy paper confirming the abolition of the Furnished Holiday Lettings (FHL) tax regime....
In 1989, Conservative Chancellor Nigel Lawson decided to change the rules around Capital Gains Tax so that it was applied at whatever the...
In four months' time, the first reports are due for compliance with the new Digital Platform Reporting rules....
The Government has published details of a new tax treaty with Ecuador. The UK and Ecuador signed their first comprehensive double tax treaty on 6...
I'm interested in investing in a startup and I’ve heard about the Seed Enterprise Investment Scheme. I'm considering investing...
New advisory fuel rates for company cars take effect...