A first-time comprehensive Double Taxation Convention between the UK and the Republic of Armenia was signed in London on 13 July 2011 by David Lidington, the Minister for Europe and Edward Nalbandian, Armenian Minister of Foreign Affairs.
The Convention generally follows the Organisation for Economic Co-operation and Development (OECD) Model Double Taxation Convention. Important features include limits on withholding tax rates for dividends, interest and royalties, the latest OECD Model provision on exchange of information, and a provision for arbitration as part of the mutual agreement procedure.
Follow the link below to see the text of the new Convention which will be published by the Stationery Office as soon as it is presented to Parliament for approval.
Go to Tax treaties signed/not in force
The Convention enters into force once both countries have completed their legislative procedures.
HM Revenue & Customs
July 2011
