Venezuela and Spain signed a tax treaty on 8 April 2003. The treaty is in force as from 29 April 2004 and generally applies as of 1 January 2005.
In respect of interest, Art. 11 of the treaty stipulates the right to tax of the State in which the interest arises, as follows:
| - | However, such interest may also be taxed in the Contracting State in which it arises and according to the laws of that State, b… |