On 31 July 2014, Portugal approved for ratification the pending income tax treaty with San Marino. The treaty was signed 18 November 2010, and is the first of its kind between the two countries.
Taxes Covered
The treaty covers Portuguese personal and corporate income taxes, and local surtax on corporate income tax. It covers San Marino general income tax on individuals, and on bodies corporate and proprietorships.
Withholding Tax Rates
- Dividends - 10% if the beneficial owner is a co…