Various tax treaties

25.06.2024

Double Taxation Treaties (DTTs) between the following markets were signed and came into force with the rates as indicated in the following table:

Markets

Date signed (conclusion date)

Date in force

Applicable (effective date)

General DTT

Rates (%)

Equities

Debt

Czech Republic – United Arab Emirates

24.05.2023

13.05.2024

01.01.2025

5%

0%

Suspended DTTs:

Markets

Effective date of termination

Belarus DTTs with each of:

Bulgaria

Czech Republic

Germany

Hungary

Ireland

Italy

Lithuania

Netherlands

Poland

Romania

Slovenia

Spain

Sweden

Switzerland

UK

U.S.A.

On 13 March 2024, the National Legal Internet Portal of Belarus published Decision No. 164 of 7 March 2024 of the Belarusian Council of Ministers, whereby – among others – Belarus suspended dividend and interest provisions of DTTs between Belarus and 27 jurisdictions.

Among the 27 jurisdictions with which Belarus suspended the implementation of the existing DTTs, the ones listed in this table are those markets for which Clearstream Banking offers a tax service.

This suspension took effect on 1 June 2024 and will last until 31 December 2026. It could be reversed under specific circumstances.

01.06.2024

This Taxflash is intended to provide clients with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the client’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.