UniCredit Bank Slovenija d.d.
Summary:
A new DTT between the Republic of Slovenia and the Government of the Republic of Kazakhstan is in force and is applicable to income as of 1 January 2017.
Mon, 20/02/2017
According to the Official Gazette of RS, a new Double Tax Treaty (DTT) between the Republic of Slovenia and the Government of the Republic of Kazakhstan came into force on 30 December 2016.
The new treaty will apply to all income received on/after 1 January 2017.
The DTT between the Republic of Slovenia and the Republic of Kazakhstan provides the following benefits:
Article 10 – Dividends:
- Treaty rate is 5%, of the gross amount of dividends, if the beneficial owner of such dividends is a company (other than a partnership) which is a resident of the other contracting state and holds directly at least 25% of the capital in the company paying the income
- Treaty rate is 15%, of the gross amount of dividends, if the recipient is the beneficial owner of such dividends
Article 11- Interest:
- Treaty Rate is 10%, of the gross amount of interest, if the recipient is the beneficial owner of such interest
Impact on investors: A new Double Tax Treaty (DTT) between the Government of the Republic of Kazakhstan will enable eligible tax residents of both countries to enjoy lower tax rates on dividend and interest income.