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 (%)
South Africa - Kenya    26 November 201019 June 201510%10%
Iceland- Switzerland10 July 20146 November 20150%15%
Estonia - Switzerland25 August 201416 October 20150% a10% a
Bulgaria - Norway22 July 201430 July 20155%15%

a. As per the Protocol signed on 25 August 2014, amending the Estonia-Switzerland Income and Capital Tax Agreement signed on 11 June 2002.

Unless otherwise indicated, these treaties generally apply from 1 January 2016.

Our Market DTT information (Bulgaria, Estonia, Iceland, Kenya, Norway, South Africa and Switzerland) 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.