RESIDENT OF INTEREST DIVIDENDS ROYALTIES
RECIPIENT
NON-TREATY RATES: 40% Entities Nil 20% Industrial
20% Individuals 10% Film,
literary etc.
TREATY RATES:
Austria 0/10 (b) (a) 0/10 (b)
Belgium 15 25 (j) 5
Bulgaria 10 (i) 40 (i) (j) 10 (i)
Cyprus 10 25 (j) 0/5 (c)
Czech Republic 10 (a) 10
Denmark 8 38 (j) 5
Finland 10 47 (j) 10
France 10 (a) 5
Germany 10 25 (j) 0
Hungary 10 45 (j) 10
India (a) (a) (a)
Italy 10 15 (j) 0/5 (e)
Luxembourg 8 (h) 38 (h) (j) 5/7 (d) (h)
Netherlands 8/10 (f) 35 (j) 5/7 (d)
Norway 10 40 (j) 10
Poland 10 (a) 10
Romania 10 (h) 45 (j) 5/7 (d) (h)
Slovakia 10 (a) 10
Sweden 10 (a) 5
Switzerland 10 35 (j) 5
United Kingdom 0 (g) (a) 0 (g)
United States 0 (k) (a) 0
Notes:
(a) Non-Treaty rates apply.
(b) 10% rate applies where corporations are inter-related, see tax treaty.
(c) 5% rate applies where royalties are for cinematography films other than films shown on television.
(d) 5% rate applies where royalties are for copyright of literary, artistic or scientific work including cinematography films.
(e) Nil rate applies where royalties are for artistic, scientific work and copyright.
(f) 8% withholding tax on interest applies if the beneficiary is a bank or financial institution.
(g) The domestic withholding tax rates apply to interest and royalty payments in excess of fair and reasonable compensation.
(h) For income earned from 1 January 1996.
(i) Not in force yet.
(j) Local rate of nil applies as it is less than treaty rate.
(k) Non-treaty rate applies to interest in excess of 9% annually and where recipient US Corporation has more than 50% interest in Greek paying company.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact or enter a text search and 'Business Monitor'.
