• Ireland - Egypt
    Tax treaty ratified by Ireland

    03-12-2012

    Egypt ratified its Income Tax Treaty with Ireland on 6 November 2012.

    The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January of the year following that in which the treaty enters into force.

    In accordance with the signed treaty, the following withholding taxes will apply:

    • Dividends:
      • 5% if the beneficial owner is a company (other than a partnership) which holds directly at least 25% of the capital of the company paying the dividends.
      • 10% in all other cases.

    • Interest:
      • 0% if the payer or the recipient of the interest is the Contracting State itself, a statutory body, a political subdivision or a local authority thereof or the Central Bank of a Contracting State, or any agency or instrumentality owned by the Government of a Contracting State.
      • 0% if the interest is paid in respect of a loan granted, guaranteed or insured by the Government of a Contracting State, the Central Bank of a Contracting State, or any agency or instrumentality owned by the Government of a Contracting State .
      • 10% in all other cases.

    • Royalties: 10% withholding tax on royalties.
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