Statutory Instruments
2007 No. 2127
income tax
Corporation tax
capital gains tax
The Double Taxation Relief (Taxes on Income) (Macedonia) Order 2007
Made
25th July 2007
At the Court at Buckingham Palace, the 25th day of July 2007
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 ) (“ICTA”) and section 173(7) of the Finance Act 2006(“FA 2006”) and approved by a resolution of the House.
Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 788 of ICTA, and section 173(1) to (3) of FA 2006, by and with the advice of Her Privy Council, orders as follows—
Citation
1. This Order may be cited as the Double Taxation Relief (Taxes on Income) (Macedonia) Order 2007.
Double taxation arrangements to have effect
2. It is declared that—
(a) the arrangements specified in the Agreement set out in Part 1 of the Schedule to this Order and in the Protocol set out in Part 2 of that Schedule have been made with the Government of the Republic of Macedonia 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 Macedonia;
(b) those arrangements include provisions with respect to the exchange of information foreseeably relevant to the administration, enforcement or recovery of the taxes, and debts relating to the 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.
Judith Simpson
Clerk of the Privy Council
Article 2
SCHEDULE
1988 c. 1 . Section 788 has been extended by section 277 of the Taxation of Chargeable Gains Act 1992 (c. 12) : it has also been amended and partly repealed: the relevant amendments are those made by section 176 of the Finance Act 2006 (c. 25) , and the repeal is effected by section 178 of the 2006 Act.