Zagrebacka Banka d.d.
Summary:
A double tax treaty between Azerbaijan and the Republic of Croatia entered into force on 18 March 2013.
Mon, 22/04/2013
A double tax treaty (DTT) concluded between Azerbaijan and the Republic of Croatia entered into force on 18 March 2013 and it will be effective for income earned as of 1 January 2014.
The main provisions of the DTT are as follows:
- Dividends:
- 5% if the beneficial owner is a company which holds at least 25% of the company’s capital paying the dividend;
- 10% in all other cases.
- Interest: 10%
Impact on investors:DTT between Azerbaijan and Croatia will apply starting on 1 January 2014.