France Tax Agency Clarifies Withholding Tax on Interest, Royalty Income Under DTA, Protocol With Lithuania

The French General Directorate of Public Finance Oct. 4 clarified withholding tax on interest and royalties income under the 1997 DTA and protocol with Lithuania, due to the triggering of the most favored nation clause following the July 13, 2017, signing of the DTA and protocol between Japan and Lithuania. The announcement includes that interest paid on loans granted by a credit institution and specified royalties originating from a contracting state and for which the beneficial owner is a resident of the other contracting state, are taxable exclusively in that other contracting state. [France, General Directorate of Public Finance, 10/04/23] ...