SCHEDULE
Article 2
SCHEDULE
The Double Taxation Relief and International Tax Enforcement (Malaysia) Order 2010
| Jurisdiction | UK Non-devolved |
| Citation | SI 2010/2971 |
| Year | 2010 |
2010 No. 2971
Taxes
The Double Taxation Relief and International Tax Enforcement (Malaysia) Order 2010
Made 15th December 2010
At the Court at Buckingham Palace, the 15th day of December 2010
Present,
The Queen’s Most Excellent Majesty in Council
A draft of this Order was laid before the House of Commons in accordance with section 5(2) of the Taxation (International and Other Provisions) Act 20101and section 173(7) of the Finance Act 20062and approved by a resolution of that House.
Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 2 of the Taxation (International and Other Provisions) Act 2010 and section 173(1) of the Finance Act 2006, by and with the advice of Her Privy Council, orders as follows—
Citation
1. This Order may be cited as the Double Taxation Relief and International Tax Enforcement (Malaysia) Order 2010.
Double taxation and international tax enforcement arrangements to have effect
2. It is declared that—
(a) the arrangements specified in the Protocol set out in the Schedule to this Order, which vary the arrangements set out in the Schedule to the Double Taxation Relief (Taxes on Income) (Malaysia) Order 19973, have been made with the Government of Malaysia;
(b) the arrangements have been made with a view to affording relief from double taxation in relation to income tax, corporation tax, capital gains tax and taxes of a similar character imposed by the laws of Malaysia and for the purpose of assisting international tax enforcement; and
(c) it is expedient that those arrangements should have effect.
Judith Simpson
Clerk of the Privy Council
EXPLANATORY NOTE
(This note is not part of the Order)
The Schedule to this Order contains a Protocol (“the Protocol”) which amends an agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Malaysia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (“the Agreement”), which was scheduled to the Double Taxation Relief (Taxes on Income) (Malaysia) Order 1997 ( S.I. 1997/2987). This Order brings the Protocol into effect.
The Agreement aims to eliminate the double taxation of income arising in one country and paid to residents of the other country. It does this by...
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