Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Taxation (International and Other Provisions) Act 2010

18.The Act contains provisions relating to:

  • double taxation relief;

  • transfer pricing;

  • advance pricing agreements;

  • tax arbitrage;

  • tax treatment of financing costs and income;

  • offshore funds; and

  • relocation of provisions of tax legislation.

19.The Act has 382 sections and 11 Schedules. The sections are arranged as follows:

  • Part 1: Overview

  • Part 2: Double taxation relief

  • Part 3: Double taxation relief for special withholding tax

  • Part 4: Transfer pricing

  • Part 5: Advance pricing agreements

  • Part 6: Tax arbitrage

  • Part 7: Tax treatment of financing costs and income

  • Part 8: Offshore funds

  • Part 9: Amendments to relocate provisions of tax legislation

  • Part 10: General provisions

20.The Schedules are:

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