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Madeira: Double Tax Treaties

Table of Treaty Rates

Provided by TreatyPro
Portugal


Jurisdiction Status Dividends Interest Royalties Notes
           
Defaults 25/30% (3) 25/30% (3) 15/30% (3)
           
Algeria Effective January 1, 2007 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to the government, or on financing approved by both governments 15% 15%
Austria Effective January 1, 1973 15% 10% 5% 10% where the payee is a company holding more than 50% of the paying company's capital
Barbados Signed October 22, 2010 5% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital 15% 0% when paid to the government or the central bank 10% 5% Not yet in force. Default rates apply.
Belgium Effective January 1, 1972 Protocol effective January 1, 2002 15% 0% when paid on commercial debt-claims resulting from payments for goods, merchandise or services, or on current accounts or advances between banks 15% 10%
Brazil Effective January 1, 2000 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to the government 15% 15%
Bulgaria Effective January 1, 1997 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by the central bank, or on financing approved by both governments 10% 10%
Canada Effective January 1, 2002 10% where the payee is a company holding at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by a specified institution, or on financing approved by both governments 10% 10%
Cape Verde Effective January 1, 2001 10% 0% when paid to or by the government, or on financing approved by both governments 10% 10%
Chile Effective January 1, 2009 10% where the payee is a company holding directly at least 25% of the paying company's capital 15% 5% when paid on regularly traded bonds or securities 10% when paid on a bank or insurance company loan, or on sales on credit of equipment or machinery 15% 5% for equipment royalties 10%
China Effective January 1, 2001 10% 0% when paid to the government or the central bank 10% 10%
Colombia Signed August 30, 2010 10% 10% 10% Not yet in force. Default rates apply.
Croatia Signed October 4, 2013 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital 10% 10% 10% Not yet in force. Default rates apply.
Cuba Effective January 1, 2001 15% 0% when paid to or by the government, or on a loan financed for at least five years, or on a loan or credit financed by a specified institution 0% for literary, artistic, dramatic or musical copyright royalties (excluding broadcasting royalties) 5%
Cyprus Effective January 1, 2014 10% 10% 10%
Czech Republic Effective January 1, 1998 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by a specified institution, or on financing approved by both governments 10% 10%
Denmark Effective January 1, 2003 10% 0% when paid to or by the government or the central bank 10% 10%
Estonia Effective January 1, 2005 10% 0% when paid to the government or the central bank, or on a loan guaranteed by the government 10% 10%
Ethiopia Signed May 25, 2013 Full details not yet available Full details not yet available Full details not yet available Not yet in force. Default rates apply.
Finland Effective January 1, 1972 10% where the payee is a company holding directly at least 25% of the paying company's capital 15% 15% 10%
France Effective May 1, 1973 15% 10% when paid on French bonds or debentures 12% 5%
Georgia Signed December 21, 2012 Full details not yet available Full details not yet available Full details not yet available Not yet in force. Default rates apply.
Germany Effective January 1, 1983 15% 0% when paid to the central bank 10% when paid on a bank loan of an economic or social interest to Portugal 15% 10%
Greece Effective January 1, 2003 15% 15% 10%
Hong Kong Effective January 1, 2013 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital 10% 0% when paid to the government or the central bank 10% 5%
Hungary Effective January 1, 2001 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by the central bank, or on financing approved by both governments 10% 10%
Iceland Effective January 1, 2003 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by the central bank, or on financing approved by both governments 10% 10%
India Effective January 1, 2001 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on financing approved by both governments 10% 10%
Indonesia Effective January 1, 2008 10% 0% when paid to the government or the central bank 10% 10%
Ireland Effective January 1, 1995 15% 0% when paid to or by the government, or on financing approved by both governments 15% 10%
Israel Effective January 1, 2009 5% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital 10% where the payee is a company holding directly at least 25% of the paying company's capital, and the dividends are exempt or taxed at a lower rate in Israel 15% 0% when paid on a loan financed or guaranteed by the government or the central bank 10% 10%
Italy Effective January 1, 1984 15% 0% when paid to or by the government, or on financing approved by both governments 15% 12%
Japan Effective January 1, 2014 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital for 12 months before the dividend is declared 10% 0% when paid to the government or the central bank 5% when paid to a bank 10% 5%
Korea, South Effective January 1, 1998 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by a specified institution, or on financing approved by both governments 15% 10%
Kuwait Effective January 1, 2014 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital, or the government 10% 10% 10%
Latvia Effective January 1, 2004 10% 0% when paid to the government or the central bank, or on a loan guaranteed by the government 10% 10%
Lithuania Effective January 1, 2004 10% 0% when paid to the government or the central bank, or on a loan guaranteed by the government 10% 10%
Luxembourg Effective January 1, 2001 15% 10% on interest considered a deductible expense paid to a financial institution 15% 10%
Macau Effective January 1, 2000 10% 0% when paid to or by the government, or on a loan or credit financed by the government 10% 10%
Malta Effective January 1, 2003 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to the government 10% 10%
Mexico Effective January 1, 2002 10% 0% when paid to or by the government or the central bank, or on a loan financed or guaranteed for at least three years by a financial institution to promote exports and development 10% 10%
Moldova Effective January 1, 2011 5% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital 10% 0% when paid to the government or the central bank, or on a loan financed, guaranteed or insured by the government or the central bank 10% 8%
Morocco Effective January 1, 1999 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 12% 10%
Mozambique Effective January 1, 1995 Protocol effective January 1, 2010 10% 0% when paid to or by the government, or on financing approved by both governments 10% 10%
Netherlands Effective January 1, 2001 10% 0% when paid to or by the government or the central bank 10% 10%
Norway Effective January 1, 2013 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital for 12 months before payment of the dividend, the government or the central bank 15% 0% when paid to the government or the central bank 10% 10%
Pakistan Effective January 1, 2008 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by a specified institution 10% 10%
Panama Effective January 1, 2013 10% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital 15% 0% when paid to the government or the central bank 10% 10%
Peru Effective January 1, 2015 10% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital 15% 0% when paid to or by the government or the central bank 10% when paid on a bank loan 15% 10% for the furnishing of technical assistance in connection with the use of any copyright, computer software, patent, trademark, design or model, plan, secret formula or process, or information concerning industrial, commercial or scientific experience 15%
Poland Effective January 1, 1999 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by the central bank, or on financing approved by both governments 10% 10%
Qatar Effective January 1, 2015 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital, the government or the central bank 10% 0% when paid to the government or the central bank 10% 10%
Romania Effective January 1, 2000 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan or credit financed by the central bank, or on financing approved by both governments 10% 10%
Russia Effective January 1, 2003 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on financing approved by both governments 10% 10%
San Marino Signed November 18, 2010 10% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital 15% 10% 10% Not yet in force. Default rates apply.
Senegal Signed June 13, 2014 Full details not yet available Full details not yet available Full details not yet available Not yet in force. Default rates apply.
Singapore Effective January 1, 2002 0% when paid to the government or the central bank 10% 0% when paid to or by the government, or on a loan or credit financed by a specified institution, or on financing approved by both governments 10% 10%
Slovakia Effective January 1, 2005 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 10% 10%
Slovenia Effective January 1, 2005 5% where the payee is a company holding directly at least 25% of the paying company's capital 15% 0% when paid to the government or the central bank 10% 5%
South Africa Effective January 1, 2009 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to the government 10% 10%
Spain Effective January 1, 1996 10% where the payee is a company holding directly at least 25% of the paying company's capital 15% 15% 5%
Sweden Effective January 1, 2000 10% 0% when paid to or by the government or the central bank, or on a loan financed by a specified institution 10% 10%
Switzerland Effective January 1, 1976 Protocol effective January 1, 2014 0% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend, or the central bank 5% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital 15% 0% when paid to or by the government, or to the central bank, or to a company holding directly at least 25% of the paying company's capital for 24 months before payment of the interest 10% 0% when paid to a company holding directly at least 25% of the paying company's capital for 24 months before payment of the royalty 5%
East Timor Signed September 27, 2011 5% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital 10% 10% 10% Not yet in force. Default rates apply.
Tunisia Effective January 1, 2001 15% 15% 10%
Turkey Effective January 1, 2007 5% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to the government or the central bank 10% when paid on a loan financed for at least two years 15% 10%
Ukraine Effective January 1, 2003 10% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a loan approved by both governments 10% 10%
United Arab Emirates Effective June 21, 2012 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital 15% 0% when paid to the government or the central bank 10% 5%
United Kingdom Effective January 1, 1970 10% where the payee is a company holding directly at least 25% of the paying company's capital 15% 10% 5%
United States Effective January 1, 1996 5% where the payee is a company holding directly at least 25% of the paying company's capital for 24 months before payment of the dividend 15% 0% when paid to or by the government, or on a bank or financial institution loan financed for at least five years 10% 10% Separate dividend withholding tax rules apply to REITs.
Uruguay Effective January 1, 2013 5% where the payee is a company holding directly at least 25% of the paying company's capital 10% 10% 10%
Venezuela Effective January 1, 1999 10% 0% when paid to or by the government, or on a loan or credit financed by a specified institution, or on financing approved by both governments 10% 12%

Footnotes

  1. In the case of European Union countries, the EC Parent-Subsidiary Directive can reduce dividend withholding tax to 0%, subject to certain conditions.
  2. In the case of European Union countries, the EC Interest and Royalties Directive can reduce interest and royalties withholding tax to 0%, subject to certain conditions.
  3. Portugal may increase its dividend, interest and royalty withholding taxes to 30% in the case of a jurisdiction classed as a low tax jurisdiction.
  4. PLEASE NOTE: This table was last updated February 2015

 

 

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