Details have become available of the new Poland and Czech Republic income tax treaty (the treaty) signed on 13 September 2011. The Treaty was signed in the Czech, Polish and English languages, each text having equal authenticity. However, in case of divergences, the English text prevails. The Treaty generally follows the OECD Model Convention (2010). The maximum rates of withholding tax are: -   5% on dividends (Art. 10(2)) (currently, 10% generally and 5% reduced if the beneficial owner is a company, other than a partnership, which holds directly at least 20% of the capital of the company paying the...