Norway - Malawi Tax Treaty

Once in effect, the tax treaty between Norway and Malawi signed 8 December 2009 provides that dividends will be subject to a withholding tax rate of 5% if the beneficial owner is a company (other than a partnership) that holds directly at least 10% of the capital of the payer; otherwise, the tax rate will be 15%. The tax rate will be 10% on interest and there will be a 5% tax rate on royalties.