Statutory Instruments
2010 No. 243
Taxes
The Double Taxation Relief and International Tax Enforcement (Libya) Order 2010
Made
10th February 2010
At the Court at Buckingham Palace, the 10th day of February 2010
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 section 173(7) of the Finance Act 2006( 2 ) and approved by a resolution of that House.
Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 788(1) of the Income and Corporation Taxes Act 1988 and section 173(1) of the Finance Act 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 and International Tax Enforcement (Libya) Order 2010.
Double taxation and international tax enforcement arrangements to have effect
2. It is declared that—
(a) the arrangements specified in the Convention scheduled to this Order have been made with the Government of the Great Socialist People’s Libyan Arab Jamahiriya;
(b) the arrangements have been made with a view to affording relief from double taxation in relation to income tax, corporation tax, capital gains tax and taxes of a similar character imposed by the laws of Libya and for the purpose of assisting international tax enforcement; 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 was extended by section 277 of the Taxation of Chargeable Gains Act 1992 (c. 12) . It has also been relevantly amended as follows. Subsection (1) was amended by section 88(1) of the Finance Act 2002 (c. 23) . Subsection (10) was substituted by section 176 of the Finance Act 2006 (c. 25) .