On 20 August 2014, Venezuelan President Nicolas Maduro signed the law ratifying the pending income and capital tax treaty with Palestine. The treaty was signed 16 May 2014, and is the first of its kind between the two parties
Taxes Covered
The treaty covers the income taxes of both countries.
Withholding Tax Rates
- Dividends - 10% if the beneficial owner is a company directly holding at least 10% of the paying company's capital, otherwise 15%
- Interest - 5%
- Royalties - 10%
Double Tax…