On 23 June 2015, Hungary ratified the pending income and capital tax treaty with Luxembourg. The treaty was signed 20 March 2015, and once in force and effective will replace the 1990 income and capital tax treaty, which is currently in force. Taxes Covered The treaty covers Hungarian personal income tax, corporate tax, land parcel tax, and building tax. It covers Luxembourg individual income tax, corporation tax, capital tax and communal trade tax. Withholding Tax Rates Dividends - 0% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 10% Interest -...