UK is a signatory to a Treaty for the Prevention of Double Taxation with many countries all over the world.
Draft agreements with additional countries are at the discussion stages.
A Double Taxation Prevention Treaty, in principle, enables offsetting tax paid in one of 2 countries against the tax payable in the other, in this way preventing double taxation.
Another important factor is the grant of an exemption or tax at a reduced rate on certain receipts such as interest, royalties, dividends, capital gains and others that are connected with a transaction carried out between parties associated with the Double Taxation Prevention Treaty.
When certain income is taxable under the UK Income Tax Ordinance but there is an exemption (reduced tax) under any Taxation Treaty, the income is taxed, if at all, but only according to the provisions of the Taxation Treaty.
Double Taxation Agreements: List of Countries, as of June 2017
Albania | Algeria | Antigua and Barbuda |
Argentina | Armenia | Australia |
Austria | Azerbaijan | Bangladesh |
Bahrain | Barbados | Belarus |
Belgium | Belize | Bolivia |
Bosnia-Herzegovina | Botswana | Brunei |
>Bulgaria | BVI | Canada |
Cayman Islands | Chile | China |
Croatia | Czech Republic |
|
Denmark | Egypt | Estonia |
Ethiopia | Falkland Islands | Faroes |
Fiji | Finland | France |
Gambia | Georgia | Germany |
Ghana | Greece | Grenada |
Guernsey | Guyana | Hong Kong |
Hungary | Iceland | India |
Indonesia | Ireland | Isle of Man |
Israel | Italy | Ivory Coast |
Jamaica | Japan | Jersey |
Jordan | Kazakhstan | Kenya |
Kiribati | Korea (Republic of) | Kuwait |
Kosovo | Libya | Liechtenstein |
Latvia | Lesotho | Lithuania |
Luxembourg | Macedonia | Malawi |
Malaysia | Malta | Mauritius |
Mexico | Moldova | Mongolia |
Montenegro | Montserrat | Morocco |
Myanmar (Burma) | Namibia | Netherlands |
New Zealand | Nigeria | Norway |
Oman | Pakistan | Papua New Guinea |
Philippines | Poland | Portugal |
Qatar | Romania | Russia |
Saudi Arabia | Senegal | St Kitts and Nevis |
Serbia | Sierra Leone | Singapore |
Slovakia | Slovenia | Solomon Islands |
South Africa | Spain | Sri Lanka |
Sudan | Swaziland | Sweden |
Switzerland | Taiwan | Tajikistan |
Thailand | Trinidad and Tobago | Tunisia |
Turkey | Turkmenistan | Tuvalu |
Uganda | UAE | Ukraine |
U.S.A. | Uruguay | Uzbekistan |
Venezuela | Vietnam | Zambia |
Zimbabwe |
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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