Ireland – Zambia New Tax Treaty Signed

Ireland and Zambia signed a new Income and Capital Tax Treaty on 31 March 2015. Once in force and effective, the new Treaty will replace the existing one of 1971.

The new Treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January of the calendar year next following that in which the agreement enters into force.

In accordance with the new Treaty, the following withholding taxes will apply:

Dividends: 7.5%

Interest: 10%.

Royalties: 10%