A protocol to the 2002 income tax treaty between Indonesia and the Netherlands was signed on 30 July 2015. The protocol is the first to amend the treaty, and will enter into force after the ratification instruments are exchanged. Dividends Paragraph 2 of Article 10 (Dividends) is replaced. The new provisions provide for a 5% withholding tax on dividends if the beneficial owner is a company directly holding at least 25% of the paying company's capital; 10% if the beneficial owner is a recognized pension fund; otherwise 15%. Interest Paragraph 4 of Article 11 (Interest) is replaced. The new provisions...