Zagrebacka Banka d.d.
Summary:
A new Double Tax Treaty between Croatia and Portugal entered into force and will be applicable in January 2016.
Tue, 05/05/2015
The Double Tax Treaty (DTT) concluded between Croatia and Portugal entered into force on 28 February 2015 and will become effective as of 1 January 2016.
The applicable rates according to the DTT are as follows:
- Dividends: - 5% if the beneficial owner holds minimum share of 10% - 10% in all other cases.
- Interest: 10%
Impact on investors: Eligible tax residents of Croatia and Portugal will be able to enjoy preferential DTT rates as of 1 January 2016.