Details of the income tax treaty and protocol between Singapore and Spain, signed on 13 April 2011, have become available. The treaty was concluded in the Spanish 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 (0% if the beneficial owner is a company that holds directly at least 10% of the capital of the company paying the dividend; 5% for distributions made by a real estate investment trust (REIT) if the beneficial owner holds less than 10% of the REIT's...