On 28 November 2016, officials from Austria and Israel signed a new income tax treaty. According to a release from the Israeli Ministry of Finance on the signing, the treaty provides the following withholding tax rates:

• Dividends - 0% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 10%
• Interest - 5%
• Royalties - 0%

The treaty will…