July 2015 Market Update

6.30.2015

Bahrain entered into a new double taxation treaty with Hungary effective 01 January 2016.

Canada entered into a new double taxation treaty with New Zealand effective 01 August 2015.

Hungary decreased its statutory withholding tax rate on dividends for individuals from 16% to 15% effective 01 January 2016.

Malta entered into a new double taxation treaty with Moldova effective 01 January 2016.

Mexico entered into a new double taxation treaty with Turkey effective 01 January 2016.

Pakistan increased its statutory withholding tax rate on dividends from 15% to 17.5% effective 01 July 2015.

Spain decreased its statutory withholding tax rate on dividends from 20% to 19.5% effective 13 July 2015, in advance of the previously reported decrease to 19% effective 01 January 2016.

 

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