Supplemental Tables of Income
Tax Rates Under New Income
Tax Conventions
Announcement 2003–62
The United States recently exchanged
instruments of ratification for a new income tax treaty with the United Kingdom
and new protocols for the income tax
treaties with Australia and Mexico. The
effective dates are as follows:
United Kingdom . The provisions for
withholding tax at source are effective
for amounts paid or credited after May
1, 2003. For all other taxes, the treaty is
effective for tax periods beginning on or
after January 1, 2004. Students who have
claimed treaty benefits under Article 21
of the former treaty can continue to apply
those provisions.
A person entitled to benefits under the
previous treaty with the United Kingdom
can elect to have that treaty apply in its entirety for a twelve-month period following
the date the new treaty would otherwise apply.
Australia . The provisions for withholding tax at source are effective for
amounts paid or credited after July 1,
2003. For all other taxes, the protocol is
effective for tax periods beginning on or
after January 1, 2004.
Mexico . The provisions for withholding tax on dividends are effective
for amounts paid or credited on or after
September 1, 2003. For all other taxes, the
treaty is effective for tax periods beginning
on or after January 1, 2004.
The tables below replace the entries
in Tables 1 and 2 in Publication 515,
Withholding of Tax on Nonresident Aliens
and Foreign Entities (For Withholding in
2003), and in Publication 901, U.S. Tax
Treaties . The footnotes in those publications that relate to the column headings
in these tables generally apply to these
replacement entries.
The complete text of the U.K. treaty
and the Australia and Mexico protocols are available on the IRS website at
www.irs.gov .
2003-41 I.R.B. 821 October 14, 2003
October 14, 2003 822 2003-41 I.R.B.
2003-41 I.R.B. 823 October 14, 2003
