The tax treaty between Peru and Portugal will enter into force on April 12th 2014 and includes the following withholding rates:
- Dividends - 10% when a Peruvian company holds at least 10% of the capital of the paying company resident in Portugal and when a Portuguese company controls at least 10% of the voting rights of paying company resident in Peru, otherwise 15%
- Interest - 10% of the gross amount paid for a bank loan, otherwise 15%
- Royalties - 10% for the use of, or the right to use, any cop…