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Update - Portugal Approves for Ratification the Tax Treaty with Croatia

05 August 2014

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Treaty Development

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Portugal-Croatia

On 31 July 2014, Portugal approved for ratification the pending income tax treaty with Croatia. It was signed 4 October 2013, and was  approved for ratification by Croatia on 5 march 2014. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Portuguese personal and corporate income taxes, and surtaxes on corporate income tax. It covers Croatian income, profit and local income taxes, as well as any surcharges. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital, otherwise 10% Interest...