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Tax Treaty between Oman and Portugal has Entered into Force

10 July 2017

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Treaty Development

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Oman-Portugal

On 6 July 2017, Portugal published Notice no. 80/2017 in the Official Gazette, announcing the entry into force of the income tax treaty with Oman on 26 July 2017. The treaty, signed 28 April 2015, is the first of its kind between the two countries. Taxes Covered The treaty covers Omani income tax, and Portuguese personal income tax, corporate income tax, and surtaxes on corporate income tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is the government or the central bank of either Contracting State; 10% if the beneficial owner is a company directly holding at least...