Liechtenstein, Latvia Sign DTA

The Liechtenstein Fiscal Authority Oct. 3 announced the Oct. 2 signing of a DTA with Latvia. The DTA includes measures to: 1) regulate the elimination of double taxation on cross-border transactions in accordance with the OECD international standard; 2) exchange information in accordance with the international standard, with automatic exchanges of information (AEOI) controlled by Liechtenstein’s AEOI agreement with the EU; 3) not impose withholding tax on dividends, interest, and royalties payments between legal entities; 4) reduce the withholding tax rate to 10 percent for dividends and interest, and to 5 percent for royalties; and 5) regulate the treatment of ...