• Ireland - Pakistan
    New Tax Treaty Signed


    Ireland and Pakistan signed a new Income Tax Treaty on 16 April 2015. Once in force and effective, the new Treaty will replace the existing on of 1973.

    The new treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January (in Ireland) and 1 July (in Pakistan}) of the calendar year next following that in which the agreement enters into force.

    In accordance with the new 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 share capital of the company paying the dividends;
      • 10% in all other cases.

    • Interest: 10%.

    • Royalties: 10%.
    Back to News
    Related Topics:

EUCED - European Network for Economic Cooperation and Development is a European Economic Interest Grouping (EEIG), as per EU Council Regulation # 2137/85, established for European and worldwide economic and development operations. As well as, the status of an European Business Association.

Read more
Follow Us
Specialist writers View All
Copyright © 2012 - 2019 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us