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HMRC internal manual

International Manual

From
HM Revenue & Customs
Updated
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DT Agreements: Pakistan - Income from a UK source paid to a resident of Pakistan

UK interest paid to a resident of Pakistan (Article 11)

UK interest paid to its beneficial owner who is a resident of Pakistan is taxable inthe UK at 15%.

Article 11(3) provides for full relief from UK tax of interest paid tothe Government of Pakistan, or to a local authority in Pakistan. Full relief from UK taxmight also be available to an “agency” or “instrumentality” of theGovernment of Pakistan or of a local authority in Pakistan. If you receive any applicationor claim under Article 11(3), please refer to Technical Advice Group before youprocess it.