Greece: withholding taxes on dividends paid to Swiss parent company

The whole international community has its eyes on Greece. They apply a withholding tax of 10% on divi­dends paid by Greek subsidiaries to Swiss parent. The Commission considers that Greece does not respect its obligations under an agreement between the European Community and Switzerland that provides for measures equivalent to those in the Savings Tax Directive 2003/48/EC according to which dividends paid by a subsidiary to a parent company shall not be subject to taxation in the source state.

 

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