Various Tax Treaties
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 | Date in force | Max DTT rate (%) | |
| Debt | Equities | |||
| China - Ecuador | 21 January 2013 | 6 March 2014 | 10 | 5 |
| Hungary - Kosovo | 3 October 2013 | 12 March 2014 | 0 | 5 |
| Malta - India a | 8 April 2013 | 7 February 2014 | 10 | 10/35b |
| South Korea - Peru | 10 May 2012 | 3 March 2013 | 15 | 10 |
| Switzerland - Peru | 12 September 2012 | 10 March 2014 | 10 | 15 |
a. This treaty applies from 1 April 2014 for India and 1 January 2015 for Malta.
b. 10% when paid by an Indian company to a resident of Malta; 35% when paid by a Maltese company to a resident of India.
The Market Taxation Guides (China, Malta, South Korea, Switzerland) will be updated in due course to reflect the new treaties.
| This Taxflash is intended to provide customers 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 customer’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. |