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Tax Treaty between Lithuania and Turkmenistan Ratified

|Treaty Development|Lithuania-Turkmenistan
Lithuania-Turkmenistan

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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