Details of the income tax agreement and protocol between Spain and Hong Kong, signed on 1 April 2011, have become available. The agreement was concluded in the Spanish and English languages, each text having equal authenticity. The agreement generally follows the OECD Model Convention. The maximum rates of withholding tax are: -   10% on dividends in general, 0% if the receiving company is a beneficial owner (other than a partnership) which holds directly at least 25% of the capital of the company paying the dividends; -   5% on interest; an exemption applies on interest payments to the government...