OrbitaxMinisterial Decree – list of NCSTs updated for 2013
|Approved Changes|France
On 28 August 2013, the government published a Ministerial Decree updating the list of non-cooperative states or territories (NCSTs) with effect from 1 January 2013.
A major consequence of being on the list of NCSTs is the increase in the tax burden on outbound payments to such a state or territory. For example, dividend withholding tax is levied at a rate of 75% on payments to an NCST. The…
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