The Double Taxation Relief (Taxes on Income) (Lithuania) Order 2002

Explanatory Note

(This note is not part of the Order)

The Protocol scheduled to this order makes an alteration to the Convention set out in the Schedule to the Double Taxation Relief (Taxes on Income) (Lithuania) Order 2001.

The Protocol replaces Article 31 (Entry into force) of the Convention with a new Article 31 providing that the Convention will take effect in the United Kingdom for any financial year beginning on or after 1st April 2002 in respect of corporation tax, and for any year of assessment beginning on or after 6th April 2002 in respect of income tax and capital gains tax; and will take effect in Lithuania from 1st January 2002.

The Protocol will enter into force when both countries have notified each other of the completion of their respective legislative procedures. It will then take immediate effect in the United Kingdom. The date of entry into force will in due course be published in the London, Edinburgh and Belfast Gazettes.