DTT With Denmark In Force

UniCredit Bank Czech Republic and Slovakia,a.s.
Summary: 
DTT between Denmark and the Czech Republic entered into force on December 17, 2012
Fri, 04/01/2013

The double taxation treaty (DTT) including the Protocol between Denmark and the Czech Republic signed on August 25, 2011, has entered into force on December 17, 2012. The provisions of the DTT have been applied to income paid on or after January 1, 2013 in bothDenmarkand theCzechRepublic.

The treaty stipulates the following withholding tax rates for dividends and interest income:

Dividends:

  • Up to 5 % tax rate is applied if the share in a company is equal to or exceeds 10% or the income is paid to a pension fund, otherwise 15 %

Interest income:

  • 0%

Impact on investors: Rates for dividends and interest income for Danish investors have been changed in accordance with the DTT between Denmark and the Czech Republic on or after January 1, 2013 in both Denmark and the Czech Republic.