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.