Various tax treaties


Double Taxation Treaties (DTTs) between the following markets were signed and came into force with the rates as indicated in the following table:

MarketsDate signedDate in forceMax DTT rate (%)
France - Singapore15 January 20151 June 201610%15%
Japan - Taiwan26 November 201513 June 201610%10%
Norway - Romania27 April 20151 April 20165%10%
South Africa - Lesotho a18 September 201427 May 201610%15%
Sweden – Botswana b19 October 199218 December 19920%10%

a. This treaty applies as of 26 June 2016.

b. According to art. 10.6  and 11.8  of the DTT between Sweden and Botswana, if Botswana has a DTT with another country and the DTT rate is less than 15%, that lower rate will then apply to the Swedish DTT.

Unless otherwise indicated, these treaties generally apply from 1 January 2017.

Our Market DTT information (France, Japan, Norway, Singapore, South Africa, Sweden, Taiwan) will be updated in due course to reflect the new treaties.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.