Update - Tax Treaty between Oman and Portugal

The income tax treaty between Oman and Portugal was signed on 28 April 2015.The treaty is the first of its kind between the two countries.

Taxes Covered

The treaty covers Omani income tax, and Portuguese personal income tax, corporate income tax and surtaxes on corporate income tax.

Withholding Tax Rates

• Dividends - 10% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 15%
• Interest - 10%
• Royalties - 8%

Capital Gains

The fol…