According to a press release of 14 July 2010, published by the Israeli Ministry of Finance, Israel and Austria have initialed a new tax treaty. Once signed and in force, the new treaty will replace the Israel-Austria income and capital tax treaty of 29 January 1970. The maximum rates of withholding tax are: -   10% on dividends in general, 0% if the beneficial owner is a company with a significant controlling interest. -   5% on interest if the beneficial owner is a resident of either contracting state. -   0% on royalties if the beneficial owner is a...