Zagrebacka Banka d.d.
Summary:
Double Taxation Treaty (DTT) concluded between Croatia and Cyprus entered into force on 28 December 2023 and is effective as of 1 January 2024
Fri, 26/01/2024
The applicable rates according to the DTT are as follows:
- Dividends: 5%
- Interest: 5%
- Interest: 0%, when the interest is paid in connection with the sale on credit of any industrial, commercial, or scientific equipment; in connection with the sale on credit of any merchandise by one enterprise to another; or on any loan of whatever kind granted by a bank.
Impact on investors: Eligible tax residents of Croatia and Cyprus will be able to enjoy preferential DTT rates as of 1 January 2024.