• Ireland - Thailand
    Tax Treaty Signed

    06-11-2013

    Ireland and Thailand signed an Income and Capital Tax Treaty on 4 November 2013.

    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 calendar year next following that in which the agreement enters into force.

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

    • Dividends: 10%.

    • Interest:
      • 0% if the interest is paid to the Government of the other Contracting State.
      • 10% if the beneficial owner of the interest is any financial institution (including an insurance company).
      • 10% if the interest is paid with respect to the indebtedness arising as a consequence of a sale on credit, merchandise or services, except where the sale was between persons not dealing with each other at arm's length.
      • 15% in all other cases.

    • Royalties:
      • 5% on royalties for the use of or the right to use any copyright of literary, artistic or scientific work, including software, and motion pictures and works on film, tape or other means of reproduction for use in connection with radio or television broadcasting.
      • 10% on royalties for the use of or the right to use industrial, commercial or scientific equipment or any patent.
      • 15% on royalties for the use of or the right to use any copyright of literary, artistic or scientific work, including software, and motion pictures and works on film, tape or other means of reproduction for use in connection with radio or television broadcasting.
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