• Luxembourg - Senegal
    Tax Treaty Signed

    18-02-2016

    On 10 February 2016, Luxembourg and Senegal signed an Income Tax Treaty.

    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:
      • 5% if the beneficial owner is a company (other than a partnership) which pwns directly at least 20% of the capital of the company paying the dividends.
      • 15% in all other cases.
    • Interest: 10%.
    • Royalties:
      • 6% on royalties paid for the use or the right to use industrial, commercial or scientific equipment.
      • 10% in all other cases.
    Back to News
    Related Topics:

Maastricht University - 5th Global Tax Policy Conference: Tax Policy after BEPS, what can be expected? On 6 September 2019 at the Royal Museums of Arts and History in Brussels, Prof. Dr Hans van den Hurk, chairman of the Annual Global Tax Policy Conference of the Maastricht Centre for Taxation (Maastricht University) with his esteem speakers are addressing the above question.

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