DTT with India enters into force

Zagrebacka Banka d.d.
Summary: 
New double tax treaty between Croatia and India enters into force and will be applicable as of 1 January 2016.
Wed, 04/02/2015

Double Tax Treaty (DTT) concluded between India and Croatia enters into force on 11 February 2015 and will become effective as of 1 January 2016.     

The applicable rates according to the DTT are as follows:

Dividends:

-     5% if the beneficial owner holds minimum share of 10%

-     15% in all other cases.

Interest: 10%  

Impact on investors: Eligible tax residents of Croatia and India will be able to enjoy preferential DTT rates as of 1 January 2016.