Details of the Germany - Philippines Income and Capital Tax Agreement (2013), signed on 9 September 2013, have become available. The treaty was concluded in the German and English languages, each text having equal authenticity. The treaty generally follows the OECD Model. The maximum rates of withholding tax are: -   15% on dividends in general; 5% on dividends if the beneficial owner is a company (other than a partnership) which holds directly at least 70% of the capital of the company paying the dividends; and 10% if the beneficial owner is a company (other than a partnership) which holds...