UniCredit Bank Czech Republic and Slovakia,a.s.
Summary:
The Double Taxation Treaty between the Czech Republic and the Principality of Liechtenstein entered into force
Tue, 29/12/2015
The Agreement between the Czech Republic and the Principality of Liechtenstein on the avoidance of double taxation and on the prevention of fiscal evasion with respect to taxes on income and property, signed on 25 September 2014 in Prague, entered into force on 22 December 2015. It will be applicable:
- with respect to taxes withheld at source on income which is paid or credited on 1 January 2016 or later;
- with respect to other taxes on income and taxes on capital, to taxes due for any tax year beginning 1 January 2016 or later
Related Newsflash: DTT Agreement signed with the Principality of Liechtenstein
Impact on investors: The DTT between Czech Republic and Liechtenstein will create a more favourable tax environment for eligible investors from both countries.