The United States and Croatia have signed a first of its kind tax treaty, according to the U.S. Treasury Dept. Key provisions include elimination of withholding tax on cross-border dividend payments to pension funds and payments of interest; and reduction of withholding taxes on cross-border payments of dividends (other than those paid to pension funds), as well as royalties. The treaty puts in place resolution mechanisms such as mandatory binding arbitration and allows for the exchange of information between revenue authorities in both nations. The new treaty will take effect upon completion of required domestic procedures by both nations, including advice and consent by the U.S. Senate. Call or visit our website for more information! www.mjscpa.com/
