UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky
Summary:
A new Double Tax Treaty has been signed between Malaysia and Slovakia
Mon, 11/01/2016
Malaysia and Slovakia have entered into a new DTT, which also includes provisions on the exchange of information following international standards. The DTT regime between the two countries is described in what follows.
Article 10 / Dividends - Treaty Dividend Tax Rate:
- 5%
- 0%, if the beneficial owner is a company (other than a partnership) that has held directly at least 10% of the capital of the company paying the dividends for an uninterrupted period of at least 12 months
Article 11 / Interest - Treaty Interest Tax Rate:
- 10%
- 0%, applicable to the following recipients:
- for Slovakia
- the Government, its political subdivision, local authority or central bank
- institutions wholly owned by the Government and as agreed upon by the contracting states by the exchange of diplomatic notes, i.e. Eximbanka SR, Slovak Guarantee and Development Bank.
- for Malaysia
- the Government, its political subdivision, local authority or central bank
- institutions wholly owned by the Government and as agreed upon by the contracting states by the exchange of diplomatic notes, i.e. the Bank Negara Malaysia , the Export-Import Bank of Malaysia Berhad (EXIM Bank)
- for Slovakia
The agreement will enter into force after the ratification processes are completed by both countries.
Impact on investors: Once in force, the new DTT between Malaysia and Slovakia will create a more favorable tax environment for eligible investors from both countries.