Guide to business in Spain Guía de negocios en España

INVEST IN SPAIN

Exhibit II. Treaty tax rates


EXHIBIT II:
TREATY TAX RATES[21]

Table 13

TREATY TAX RATES

Recipient Company's Country of Residence

Type of Income

Dividends (%)

Interest (%)

Royalties (%)

Albania

0, 5 or 10

6

0

Algeria

15 or 5

5 or 0

14 or 7

Argentina [22]

15 or 10

12 or 0

3, 5, 10 or 15

Armenia

10 or 0

5

5 or 10

Australia

15

10

10

Austria

15 or 10

5

5

Barbados

0 or 5

0

0

Belgium (**)

15 or 0

10 or 0

5

Bolivia

15 or 10

15 or 0

15 or 0

Bosnia Herzegovina

10 or 5

7

7

Brazil

15

15, 10 or 0

15 or 10

Bulgaria

15 or 5

0

0

Canada

15

15

10 or 0

Czech Republic

15 or 5

0

5 or 0

Chile

10 or 5

15 or 5

10 or 5

China

10

10

10 or 6

China (Hong Kong)

0 or 10

5

5

Colombia

5/0

10

10

Cost Rica

12 or 5

10 or 5

10

Croatia

15 or 0

8

8

Cuba

15 or 5

10 or 0

5 or 0

Cyprus [23]

5 or 0

0

0

Denmark [24]

15 or 0

10

6

Dominican Republic

10 or 0

10 or 0

10

Ecuador

15

0 or 5 or 10

10 or 5

[21] The tax rates established in each tax treaty are indicated. The applicability of one or another depends, in each case, on the specific requirements established in each tax treaty.

[22] The previous tax treaty between Spain and Argentina which took effect on July 28, 1994, was denounced unilaterally by Argentina and ceased to have effect on January 1, 2013. However, the new tax treaty, signed on March 11, 2013, establishes its effects from January 1, 2013 (meaning that for practical purposes there is no period not covered by a treaty).

[23]Published on May 26, 2014, and entered into force on May 28, 2014.

[24]Denmark decided to terminate the Treaty with Spain as of January 1, 2009.

Guide to business in Spain

Tax system

102

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