The income and capital tax treaty between Israel and Vietnam, signed on 4 August 2009, entered into force on 25 December 2009. The treaty generally applies from 1 January 2010. The treaty is mostly based on the OECD Model Convention (2008). The maximum rates of withholding tax are: -   10% on dividends. -   10% on interests, with an exemption for interest paid to the government or central bank of the other country. -   5% on royalties received as a consideration for the use of, or the right to use, any patent, design or model, plan, secret formula...