Kuwait Switzerland Tax Agreement
November 2024The updated 2019 double tax agreement, DTA, between Kuwait and Switzerland entered into force on October 14, 2024 applying from January 1, 2025.
According to thr DTA the tax withholding rates for payments of dividends are 0%/15% depending on the share of holding in the paying company's share capital.
The tax withholding rate for payment of interest is 0%/10%.
Kuwait Spain Tax Treaty
July 2013The double tax treaty of 2008 between the two countries entered into force on July 19, 2013.
According to the tax treaty the tax withholding rate for payments of dividends is 0%/5% depending on the percentage of shareholding in the paying company.
The tax withholding rate for interest is zero.
For royalties the rate is 5%.
In general double tax treaties between two countries are boosting mutual investments between the countries offering reduced tax withholding rates from payments of dividends, interest and royalties.
The tax treaty often includes an exchange of tax information clause and definition of a permanent establishment for activities carried in the other country.
It also clarifies certain cross border tax issues.
E.g the treaty would define in what country tax is to be paid when a service supplier/consultant from country A provides services in country B.
In some treaties there is a tax credit under certain terms. E.g. an exemption to a consultant from country A of X dollars per each day of staying in country B in order to supply the taxable services.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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