<h3>Tax Rates</h3><table><tr><th>Item</th><th>Article reference</th><th>Applicable Rates</th><th>Comments</th></tr><tr><td>Dividends</td><td>Article 10</td><td>10% / 15%</td><td>10%: beneficial owner is a company (excluding partnerships) holding directly at least 10% of the capital of the paying company. 15%: all other cases. Tax on remittance of profits by a branch to its head office shall not exceed 10% (subject to a lower rate if granted to a third country under an MFN clause).</td></tr><tr><td>Interest</td><td>Article 11</td><td>10%</td><td>The treaty refers to this as Income from Debt-claims.</td></tr></table>
Convention Between The State Of BAHRAIN And The Republic Of The PHILIPPINES For The Avoidance Of Double Taxation And The Prevention Of Fiscal Evasion with respect to Taxes on Income and on Capital
The State of Bahrain and the Republic of the Philippines desiring, to conclude a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital, have agreed as follows:
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