CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Canada, Israel Lower Tax On Cross-Border Income

Canada, Israel Lower Tax On Cross-Border Income

by Mike Godfrey, Tax-news.com, Washington

27 September 2016


Canada and Israel have signed a new double tax agreement that lowers withholding tax rates for dividends, interest, and royalties.

The agreement was signed in New York on September 21. It will enter into force once both countries have completed their respective ratification procedures.

Under the DTA, the maximum withholding tax rate for dividends will be 15 percent. A rate of five percent will apply to dividends paid to a company that holds directly or indirectly at least 25 percent of the capital of the paying company.

The withholding tax rate for payments of interest and royalties will be capped at 10 percent, with certain exemptions.

The DTA also includes provisions for the exchange of information for tax purposes on request, in line with the standard developed by the OECD.

TAGS: tax | double tax agreement (DTA) | interest | royalties | Organisation for Economic Co-operation and Development (OECD) | Israel | agreements | tax rates | withholding tax | Canada | dividends

To see today's news, click here.

 
















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »