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Reference is made to paragraph 2 of
Article 11 of the Income Tax Law
(ITL) issued byway of law No. 21 of
2009, relating to the withholding
tax on payments made to non
residents, which entered into force
on 01/01/2010.
Please be informed that the
application of the provisions of the
said paragraph to interest is
postponed until a further notice is
given.
The Public Revenues and Taxes Department
(PRTD) will subsequently determine
the interest that will be subject to
withholding tax under paragraph 2 of
Article 11 and will inform you.
As to other payments (other than
interest) made to non residents,
they remain subject to withholding
tax as of 01/01/2010 in accordance
with the provisions of the
aforementioned paragraph.
Your cooperation is very much
appreciated.
With the greetings of the Public
Revenues and Taxes Department
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