Statutory Instruments
2006 No. 1924
INCOME TAX
CORPORATION TAX
CAPITAL GAINS TAX
The Double Taxation Relief (Taxes on Income) (Japan) Order 2006
Made
19th July 2006
At the Court at Buckingham Palace, the 19th day of July 2006
Present,
The Queen’s Most Excellent Majesty in Council
A draft of this Order was laid before the House of Commons in accordance with section 788(10) of the Income and Corporation Taxes Act 1988( 1 ), and an Address has been presented to Her Majesty by that House praying that an Order be made in terms of that draft:
Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 788 of that Act, and of all other relevant enabling powers, is pleased, by and with the advice of Her Privy Council, to order as follows—
Citation
1. This Order may be cited as the Double Taxation Relief (Taxes on Income) (Japan) Order 2006.
Double taxation arrangements to have effect
2. It is declared that—
(a) the arrangements specified in the Convention set out in Part 1 of the Schedule to this Order, in the Protocol set out in Part 2 of that Schedule and in the Exchange of Notes constituting an Agreement set out in Part 3 of that Schedule, have been made with Japan with a view to affording relief from double taxation in relation to income tax, corporation tax and capital gains tax and taxes of a similar character imposed by the laws of Japan;
(b) those arrangements include provisions with respect to the exchange of information foreseeably relevant to the administration or enforcement of the domestic laws of the United Kingdom and the laws of Japan concerning taxes covered by the arrangements including, in particular, provisions about the prevention of fiscal evasion with respect to those taxes; and
(c) it is expedient that those arrangements should have effect.
A. K. Galloway
Clerk of the Privy Council
Article 2
SCHEDULE
1988 c. 1 . Section 788 is extended by section 277 of the Taxation of Chargeable Gains Act 1992 (c. 12) . It has also been amended: the relevant amendment is that made by section 198(1) and (2) of the Finance Act 2003 (c. 14) .