July 2017 Market Update

July 2017 Market Update
8.9.2017

Fiji decreased its statutory withholding tax rate on dividends from 9% to 0% effective 29 June 2017.

Indonesia entered into a new protocol with the Netherlands effective 01 October 2017.

Japan entered into a new double taxation treaty with Latvia effective 01 January 2018.

Japan entered into a new double taxation treaty with Slovenia effective 01 January 2018.

Mexico entered into a new double taxation treaty with Spain effective 27 September 2017.

Morocco decreased its statutory withholding tax rate on dividends paid by a Real Estate Collective Investment Vehicle from 15% to 0% effective 12 June 2017.

Oman entered into a new double taxation treaty with Portugal effective 01 January 2017.

Pakistan entered into a new protocol with Belarus effective 01 July 2017 in Pakistan and 01 January 2018 in Belarus.

Pakistan increased its statutory withholding tax rate on dividends if the beneficial owner is a filer from 12.5% to 15% effective 01 July 2017. Certain conditions apply.

 

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