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:
Markets | Date signed | Date in force | Max DTT rate (%) | |
Debt | Equities | |||
Angola - Portugal | 18 September 2018 | 22 August 2019 | 10% | 15% |
Australia - Israel | 28 November 2019 | Not yet in force a | 15% | 10% |
Bulgaria - Saudi Arabia | 29 November 2017 | 1 January 2019 | 5% | 5% |
France - Luxembourg (protocol) | 20 March 2018 | 19 August 2019 | 0% | 15% |
Japan - Belgium (protocol) | 12 October 2016 | 19 January 2019 | 10% | 10% |
Japan - Croatia | 19 October 2018 | 5 September 2019 | 5% | 5% |
Japan - Ecuador | 15 January 2019 | 28 December 2019 | 10% | 10% |
Japan - Peru | 18 November 2019 | Not yet in force a | 10% | 10% |
Luxembourg - Kosovo | 8 December 2017 | 23 July 2019 | 0b/5% | 10% |
Poland - Sri Lanka (protocol) | 6 October 2015 | 14 June 2019 | 10% | 10% |
Switzerland - Zambia | 29 August 2017 | 7 June 2019 | 10% | 15% |
Unless otherwise indicated, these treaties generally apply from 1 January 2020.
a. No entry into force nor effective date published yet.
b. The 0% applies to interest paid to a bank, a collective investment vehicle or on intercompany loans.
Our Market DTT information 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. |