UK- Malaysia Double Tax agreement
A new protocol to the Double Taxation Convention between the UK and Malaysia entered into force on 28 December 2010.
The protocol includes the exchange of information clauses necessary to bring the Convention in line with the OECD’s model. Briefly, the protocol allows for the exchange of information up to OECD and international tax standards to prevent fraud and tax evasion.
The protocol takes effect for tax years beginning on or after 1 January 2011 in both the UK and Malaysia.