UniCredit Bank Slovenija d.d.
Summary:
New DTT between Republic of Slovenia and the Republic of Kosovo is in force and is applicable to income as of 1 January 2013.
Wed, 14/05/2014
Dear all,
According to the Official Gazette of RS, a new Double Tax Treaty (DTT) between Republic of Slovenia and the Republic of Kosovo came into force on 16th April 2014.
The new Treaty will apply to all income received on/after 1 January 2015.
The DTT between Republic of Slovenia and the Republic of Kosovo provides the following benefits:
Article 10 – Dividends:
- Treaty Rate 5%, if the recipient is a company (other than a partnership) and at the same time is the beneficial owner which holds directly at least 10% of the capital of the company paying the dividends,
- 10%, of the gross amount of the dividends in all other cases
Article 11- Interest:
Treaty Rate 5% if the recipient is the beneficial owner of the interest.
Impact on investors: A new Double Tax Treaty (DTT) between the Republic of Slovenia and the Republic of Kosovo will enable eligible tax residents of both countries to enjoy lower tax rates on dividend and interest income.