The income and capital tax treaty between Austria and Iceland was signed on 30 June 2016. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Austrian income tax and corporation tax. It covers Icelandic income taxes to the state and to the municipalities, and net wealth taxes to the state.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 15%
- Intere…