Yesterday, on April 27, Canada and Serbia signed the agreement on double taxation avoidance regarding taxes on the income and the capital.
This agreement limits a rate of a withheld tax on dividends which are paid between the affiliated companies, at a rate of five percent (5 %). In all other cases the rate at a size of 15 % while percentage and royalty will be subject to taxation on a rate of 10 % will be applied.
The agreement will come into force after the corresponding ratification from both parties.
«The main objective of agreements on double taxation is to avoid double taxation when the profit of legal entity or the individual can be taxed in two or more countries. Agreements on the double taxation allow to do the international business stably and reliably, and the main thing legally.
It is clear that all civilized countries aspire to sign such agreements as much as possible. As the transparency and attraction of the country increase for investors instantly if the network of the signed agreements is impressive and allows to build optimum schemes of work of the business structure.»
On the basis: http://www.parl.gc.ca
Lomakina Irina ( the director of Moscow office of Honest & Bright )
Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk
04/25/2024 15:20:00
Finland is tightening up the acquisition of citizenship
The Government of the country has approved a number of amendments t ...
04/23/2024 15:21:00
The 15 most expensive cities in the world to build
Economists at the Arcadis consulting company compared construction ...
04/18/2024 15:07:00
Portugal - new plan until 2028
Portugal has approved a Government action plan for the period up to ...