The first-time income tax treaty and protocol between Israel and Portugal was signed on 26 September 2006. The treaty was ratified by Israel on 22 February 2007 but did not yet enter into force. The treaty will become effective as to withholding taxes 30 days after entry into force and as to other taxes from 1 January following the entry into force. The treaty was concluded in the Hebrew, Portuguese 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 Convention. The maximum rates of...