The Croatia - Iceland Income Tax Treaty (2010) entered into force on 15 December 2011. The treaty generally applies from 1 January 2012. The treaty was concluded in the Icelandic, Croatian and English languages, each text having equal authenticity. In the case of divergence, however, the English text prevails. The treaty generally follows the OECD Model (2008). The maximum rates of withholding tax are: -   10% on dividends in general; 5% on dividends if the beneficial owner is a company (other than a partnership) which holds directly at least 10% of the capital of the distributing company; -  ...