Spain and Jamaica signed a first-time income tax treaty on 8 July 2008 The treaty was concluded in the Spanish and English languages, each text having equal authenticity. The treaty generally follows theOECD Model Convention. Details of the treaty are summarized below. The maximum rates of withholding tax are: -   10% on dividends in general, 5% if the beneficial owner is a company (other than a partnership) holding directly or indirectly at least 25% of the capital of the company paying the dividends (Art. 10(2) of the treaty); -   10% on interest (Art. 11(2) of the treaty). Interest...