Details of the Israel - Panama Income Tax Agreement (2012), signed on 8 November 2012, have become available. The treaty was concluded in the Hebrew, Spanish and English languages, each text having equal authenticity. In the case of divergence, however, the English text prevails. The treaty generally follows the OECD Model
The maximum rates of withholding tax are:| - | 15% on dividends, in general, and 5% if the beneficial owner is a pension scheme; | …