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 (%)
China - Bahrain

(Amending protocol)

16 September 20131 April  2016        10%10%
China - Germany28 March 20145 April 201610%10%
China - Russia

(Amending protocol)

13 October 2014 9 April 201610%0%
Portugal - Croatia a4 October 201328 February 201510%10%

a. This treaty applies as of 1 January 2016.

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

Our Market DTT information (China, Germany, Portugal, Russia) 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.