The 2017 UK-Kyrgyz Republic Double Taxation Agreement entered into force on 17 March 2023.

The agreement is effective in the UK from:

  • 1 April 2023 for Corporation Tax
  • 6 April 2023 for Income Tax and Capital Gains Tax
  • 1 January 2024 for taxes withheld at source

It is effective in the Kyrgyz Republic from:

  • 1 January 2024 for taxes withheld at source
  • 1 January 2024 for other taxes

The 2017 agreement was previously published as being in force and effective in the UK from 1 January 2023. This was an error. Any taxpayers that relied on the agreement between 1 January 2023 and 16 March 2023 should contact HRMC for further advice.

The agreement seeks to meet the latest standards on business profits and the exchange of information between the two countries. The agreement generally follows the provisions of the latest Organisation for Economic Co-operation and Development (OECD) Model Double Taxation Convention. The convention also includes special rules relating to royalty payments and dividends.

Source: New feed