Recently, Palestine ratified the pending Income and Capital Tax Treaty with Venezuela.  The Treaty, signed on 16 May 2014 in Caracas is the first treaty of its kind between the two countries. It provides for a top tax rate on interest of 5% and a top rate on royalties of 15%. Dividends are subject to a 15% withholding tax, unless the recipient owns more than 10% of the capital in which case a 10% withholding tax applies. The treaty will enter into force on the first day of the second month once the ratification instruments are exchanged and will apply on...