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UK And Malaysia Sign Double Tax Agreement Update

by Robert Lee, Tax-News.com, London

22 September 2009

A Protocol to the Double Taxation Agreement between the UK and Malaysia was signed in London on September 22, 2009 by Aziz Mohammed, High Commissioner of Malaysia, and Stephen Timms, Financial Secretary to the UK Treasury.

The Protocol updates the exchange of information article of the existing Agreement to bring it into line with current Organization of Economic Cooperation and Development standard and practice.

The text will shortly be laid as a Schedule to a draft Order in Council for consideration by the UK House of Commons.

The Protocol will enter into force once both countries have completed their legislative procedures. The provisions of the Protocol will then take effect from the next calendar year.

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