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Panama: Double Tax Treaties

Table of Treaty Rates

Provided by TreatyPro
Panama


Jurisdiction Status Dividends Interest Royalties Notes
           
Defaults 5% when paid by companies located in a Free Zone, or on export or foreign source income 10% 20% when paid on bearer shares 12.50% 12.50%
           
Barbados Effective January 1, 2012 5% where the payee is a company holding directly at least 25% of the paying company's capital 7.5% 0% when paid to the government or the central bank, or on financing approved by both governments 5% when paid to a bank 7.5% 0% for copyright or broadcasting royalties 7.5%
Czech Republic Effective January 1, 2014 10% 0% when paid to the government or the central bank, or on a loan or credit guaranteed for at least four years by the government or the central bank, or on sales on credit of equipment or merchandise 5% when paid to a bank 10% 10%
France 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% (1) 0% when paid by the government, or to the government, the central bank or between financial institutions, or on a loan or credit guaranteed or insured by the government, or on sales on credit of equipment or merchandise 5% 5%
Ireland Effective January 1, 2013 5% 0% when paid to the government, the central bank or a pension fund, or on financing approved by both governments, or on sales on credit of equipment or merchandise 5% 5%
Israel Effective January 1, 2015 5% where the payee is a pension fund 10% (1) 0% when paid by the government or the central bank, or to the government, the central bank or a pension fund, or on corporate bonds traded on a stock exchange 12.5% (1) 12.5% (1)
Italy Signed December 30, 2010 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 financing approved by both governments, or on sales on credit of equipment or merchandise 5% when paid to a bank 10% 10% Not yet in force. Default rates apply.
Korea, South Effective January 1, 2013 5% where the payee is a company (excluding a partnership) holding directly at least 25% of the paying company's capital 10% (1) 0% when paid to the government or the central bank, or on financing approved by both governments, or on sales on credit of equipment or merchandise 5% 3% for equipment royalties 10%
Luxembourg Effective January 1, 2012 5% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital 10% (1) 0% when paid by the government, or to the government, the central bank or between financial institutions, or on financing approved by both governments, or on sales on credit of equipment or merchandise 5% 5%
Mexico Effective January 1, 2011 5% where the payee is a company holding directly at least 25% of the paying company's capital 7.5% 0% when paid to the government or the central bank, or on a loan financed by the central bank or a specified institution 5% when paid to a bank 10% 10%
Netherlands Effective January 1, 2012 0% where the payee is a company holding directly at least 15% of the paying company's capital, the government or a pension fund 10% (1) 0% when paid to the government, the central bank or a pension fund, or on financing approved by both governments, or on sales on credit of equipment or merchandise 5% 5%
Portugal 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 10% (1) 0% when paid to the government or the central bank 10% 10%
Qatar Effective January 1, 2012 0% when paid to the government, the central bank or a pension fund 6% 0% when paid to the government, the central bank or a specified institution, or on financing approved by both governments, or on sales on credit of equipment or merchandise 6% 6%
Singapore Effective January 1, 2012 4% where the payee is a company (excluding a partnership) holding directly at least 10% of the paying company's capital 5% 0% when paid to the government, the central bank or between banks 5% 5%
Spain Effective July 25, 2011 0% where the payee is a company holding directly at least 80% of the paying company's capital, or a pension fund 5% where the payee is a company (excluding a partnership) holding directly at least 40% of the paying company's capital 10% 0% when paid by the government, or to the government, the central bank or a pension fund, or on a loan or credit financed by the government or the central bank, or on sales on credit of equipment, goods or services 5% 5%
United Arab Emirates Effective January 1, 2014 0% when paid to the government, the central bank or a pension fund 5% 0% when paid to the government, the central bank or a pension fund, or on financing approved by both governments, or on sales on credit of equipment or merchandise 5% 0% when paid to the government, the central bank or a pension fund 5%
United Kingdom Effective January 1, 2014 0% where the payee is a company holding directly at least 15% of the paying company's capital, the government or a pension fund 10% (1) 0% when paid to the government, the central bank or a pension fund, or on financing approved by both governments, or on sales on credit of equipment or merchandise 5% 5%

Footnotes

  1. The treaty specifies a different rate but the default rate is lower and would therefore apply.
  2. PLEASE NOTE: This table was last updated February 2015

 

 

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