New DTT between Slovenia and Kuwait

UniCredit Bank Slovenija d.d.
Summary: 
New DTT between the Republic Slovenia and the Government of the State of Kuwait
Mon, 01/07/2013

According to the Official Gazette of RS, a new Double Tax Treaty (DTT) between Republic of Slovenia and the Government of the State of Kuwait came into force on 17th May 2013.

The new Treaty will apply to all income received on/after 1 January 2014.

The DTT between Republic of Slovenia and the Government of the State of Kuwait provides the following benefits:

Article 10 – Dividends:

  • Treaty Rate 5% if the recipient is the beneficial owner      of the dividends

Article 11 - Interest:

  • Treaty Rate 5% if the recipient is the beneficial owner      of the interest payments

 

Impact on investors: A new Double Tax Treaty (DTT) between the Republic of Slovenia and the Government of the State of Kuwait is now in place and enables lower tax rates on dividends and interest paid to residents of Kuwait and the Republic of Slovenia.