On 26 July 2018, the Agreement between the Government of the Republic of Moldova and the Government of the United Arab Emirates for the avoidance of double taxation and the prevention of tax evasion with respect to taxes on income, entered into force.
Under Article 30 “Entry into Force” of the Nominal Agreement, its provisions shall apply:
- with reference to withholding taxes, to income earned on or after 1 January of the calendar year in which this Agreement was signed;
- with reference to other taxes, for fiscal periods beginning on or after January 1 of the calendar year in which this Agreement was signed.
At the same time, according to the provisions of the mentioned Agreement, the following rates of taxes withheld at the source of payment are set: Dividends – 5%, Interest and Royalty – 6% of the gross amount.
Source: finance.gov.md
