This Practice Note considers the key tax issues arising when structuring, operating and terminating an international joint venture, meaning a structure where either the JV vehicle or one or more of the joint venture parties is non-UK resident for tax purposes. It includes considerations relating to diverted profits tax (DPT), the tax efficiency of both debt and equity funding structures, including withholding taxes and the corporate interest restriction, and the availability of loss reliefs. This Practice Note is produced in partnership with Zoe Feller and Alexander Beesley of Bird & Bird LLP.