The income and capital tax treaty between Austria and Iceland will enter into force on 1 March 2017. The treaty, signed 30 June 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Austrian income tax and corporation tax. It covers Icelandic income taxes to the state and to the municipalities, and net wealth taxes to the state. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 15% Interest - 0% Royalties 5% Capital Gains The following capital gains...