Various tax treaties

05.11.2013

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

MarketsDate signedDate in forceMax DTT rate (%)
DebtEquities
Canada - Hong Kong a11 November 201229 October 20131015
Canada - Poland14 May 201230 October 20131015
Czech Republic - Panama4 July 201225 February 20131010
Denmark - Kuwait22 June 20102 October 2013015
France - Kosovo b4 February 201326 April 2013015
Germany - Luxembourg23 April 201230 September 2013015
Japan - New Zealand10 December 201225 October 20131015
Norway - Malawi c8 December 200910 December 20121015
Switzerland - Bulgaria19 September 201218 October 2013510

a. This treaty applies from 1 January 2014 (Canada), 1 April 2014 (Hong Kong).
b. This treaty applies from 1 January 1975. The agreement concluded by France and the former Serbia and Montenegro will continue to apply in respect of relations between France and Kosovo.
c. This treaty applies from 1 January 2013 (Norway), 1 July 2013 (Malawi).

Unless otherwise indicated, these treaties generally apply from 1 January 2014.

The Market Taxation Guides (Canada, Denmark, France, Germany, Hong Kong, Japan, Luxembourg, New Zealand, Norway, 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.