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New UK/China Double Taxation Agreement comes into force

BritCham / CBBC
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The UK/China Double Taxation Agreement (DTA) came into force on 1 January 2014. 
 
This follows the signing of the amending Protocol between HMA and the Chinese State Administration for Taxation on 27 February 2013 (DTAs generally only come into force on the 1st of the year following implementation by both sides’ legislatives).
 
The provisions of this Agreement and Protocol shall have effect:
  • in China, in respect of profit, income and capital gains arising in any tax year beginning on or after 1 January 2014;
  • in the United Kingdom:
- in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6 April 2014;
- in respect of corporation tax, for any financial year beginning on or after 1 April 2014. 
 
Please see the relevant details on the HM Revenue and Customs website here
 
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