On June 27, 2016 the Government of Liechtenstein issued a press release that on that same date the Governments of Iceland ad Liechtenstein had signed a DTA.

 

Unfortunately the text of the DTA has not yet been made available. Therefore we were not yet able to make an analysis of the DTA as we usually do. However if an English version of the DTA comes available we will prepare such an analysis.

 

In the press release from the Liechtenstein Government in which the signing of the DTA was announced, it is stated that withholding taxes on portfolio dividends are maximized at 15% and that the DTA does not allow a Contracting State to withhold dividend withholding taxes over so-called group dividends. In the press release it is furthermore stated that the DTA maximizes the withholding taxes that a Contracting State is allowed to withhold over interest payments or royalties. Unfortunately no percentages are mentioned in the press release.

 

 

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