Liechtenstein – Hungary: Tax Treaty Enters into Force
The Income and Capital Tax Treaty between Liechtenstein and Hungary entered into force on 24 December 2015. Its provisions will apply from 1 January 2016.
The treaty was signed on 29 June 2015.
In accordance with the treaty, the following withholding taxes will apply:
- 0% if the beneficial owner is a company (other than a partnership that is not liable to tax), which holds directly at least 10% of the capital of the company paying the dividends.
- 10% in all other cases.