The Budget Law was published on 24 December 2009. Unless otherwise indicated, the changes are effective 1 January 2010. Highlights are summarized below.
Withholding tax
(a) Outbound. The withholding tax on outbound dividends, interest, and capital gains from the transfer of assets (e.g. shares, participations in investment funds), is effectively 19%. Rates for other outbound payments (e.g. royalties, salaries, etc.) remain unaffected.
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