Czech News - January 1998 - Double Tax Treaty With Venezuela

The Treaty was published under No. 6/1998 Coll. Based on Article 5, a provision of services in the other state gives rise to a permanent establishment if the services last 6 months in any 12-month period. The Treaty states the maximum rates of withholding tax as follows:

Dividends: 10%; 5% if paid to a company, which holds more than 15% of the payer's capital;
Interest: 10%;
Royalties: 12%.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to richard.g.fletcher@arthurandersen.com