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 (%)
Bulgaria - Romania24 April 201529 March 20165%5%
Cyprus - Bahrain               9 March 201526 April 20160%0%
Portugal - Georgia a21 December 201218 April 201610%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 (Cyprus and Portugal) 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.