Details of the first-time income tax treaty and protocol between Malaysia and Spain, signed on 24 May 2006 in Madrid, have become available. The treaty was concluded in Spanish, Malay and English languages, each text having equal authenticity. The treaty generally follows the OECD Model Convention. The maximum rates of withholding tax are: -   5% on dividends in general and 0% if the receiving company holds directly at least 5% of the capital of the paying company; -   10% on interest; -   7% on royalties. The definition of royalties includes payments for the use of, or the...