Tax Treaty between Lithuania and Turkmenistan Ratified
Lithuania has ratified a tax treaty with Turkmenistan. The treaty was signed on June, 18th, 2013, and includes the following withholding rates:
- Dividends - 5% when the beneficial owner is a company that holds at least 25% of the paying company's capital, otherwise 10%
- Interest - 10%
- Royalties - 10%
The treaty will enter into force after the ratification instruments are exchanged.
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