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of <h1>Article 11 of Latvia's DTAA: Interest Taxed at Source and Recipient State, Max 10% Rate, with Key Exemptions.</h1> Article 11 of the Double Tax Avoidance Agreement (DTAA) between Latvia and another Contracting State addresses the taxation of interest. Interest paid to a resident of one Contracting State by another may be taxed in the recipient's state, but also in the state where it arises, with a maximum tax rate of 10% if the beneficial owner is a resident of the other state. Exemptions apply for interest derived by government entities, central banks, or similar institutions, and for interest connected to loans or credits guaranteed by these entities. The definition of 'interest' excludes dividends and penalty charges. Exceptions exist for interest connected to business operations through permanent establishments. Interest is deemed to arise in the payer's state unless linked to a permanent establishment elsewhere. Special relationships affecting interest amounts are subject to specific provisions.
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