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Tax Treaty between Lithuania and the U.A.E Ratified

18 April 2014

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Treaty Development

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Lithuania-Untd A Emirates

Lithuania has ratified a tax treaty with the United Arab Emirates. The treaty was signed on June, 30th, 2013, and includes the following withholding rates: Dividends - 0% when the beneficial owner is a company that holds at least 25% of the paying company's capital, otherwise 5% Interest - 0% Royalties - 5% The treaty will enter into force after the ratification instruments are exchanged.