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8.10. TAX TREATIES 136 TAXATION As of January 2011, Israel is party to some 50 double taxation treaties. Part of these have recently been signed, while in the case of others, the Ministry of Finance is holding discussions with the relevant countries with a view to renewing the treaties, usually by applying all or part of the provisions of the OECD model. Meanwhile, new double taxation treaties were recently signed with Denmark and the U.K., designed to replace the old ones. Furthermore, a treaty has for the first time been signed with Georgia. These are expected to become effective once they have been ratified by Israel and the relevant countries. 8.10.1. Treaty Withholdings The following table summarizes withholding tax rates on dividends, interest and royalties in accordance with various tax treaties. It should be noted that the data listed below are subject to specific provisions of each treaty. Dividends % Interest % Royalties % Non-treaty countries 20/25 Variable 25 Austria 25 15 0/10 Belarus 10 5/10 5/10 Belgium 15 15 0/10 Brazil 10/15 15 10/15 Bulgaria 10/12.5 5/10 12.5 Canada 15 15 0/15 Croatia 5/10/15 5/10 5 China 10 7/10 10 Czech Republic 5/15 10 5 Denmark** 5/15/25 25 10 Ethiopia 5/10/15 5/10 5 Estonia 0/5 5 0 Finland 5/15 10 10 France 5/10/15 0/5/10 0/10 BDO Israel
BDO Israel DOING BUSINESS IN ISRAEL Dividends % Interest % Royalties % Germany 25 15 0/5 Greece Domestic 10 10 Georgia* 0/5 0/5 0 Hungary 5/15 0 0 India 10 10 10 Ireland 10 5/10 10 Italy 10/15 10 10 Jamaica 15/22.5 15 10 Japan 5/15 10 10 Latvia 5/10/15 5/10 5 Lithuania 5/10/15 10 5/10 Luxemburg 5/10/15 5/10 5 Mexico 5/10 10 10 Moldova 5/10 5 5 Netherlands 5/10/15 10/15 5/10 Norway 15/25 25 10 Philippines 10/15 10 15 Poland 5/10 5 5/10 Portugal 5/10/15 10 10 Romania 15 5/10 10 Russia 10 10 10 Singapore 5/10 7 5 Slovakia 5/10 2/5/10 5 Slovenia 5/10/15 5 5 South Africa 25 25 0/15 South Korea 5/10/15 7.5/10 2/5 Spain 10 5/10 5/7 Sweden 0/5/15 25 0 Switzerland 5/10/15 5/10 5 Thailand 10/15 10/15 5/15 Turkey 10 10 10 137
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PREFACE This publication has been p
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7. INVESTMENT INCENTIVES AND TRADE
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8 THE ISRAELI ECONOMY IN 2010 The I
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1.2.4. Fiscal Developments 10 THE I
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12 THE ISRAELI ECONOMY IN 2010 1.2.
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14 THE ISRAELI ECONOMY IN 2010 Comp
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16 ISRAEL - GENERAL OVERVIEW Israel
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2.4. ISRAEL’S CURRENCY 18 ISRAEL
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Legal holidays in 2010 and 2011 are
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22 OVERVIEW OF ISRAEL’S HIGH-TECH
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OVERVIEW OF ISRAEL’S HIGH-TECH IN
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32 BUSINESS STRUCTURE The Companies
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34 BUSINESS STRUCTURE with respect
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36 BUSINESS STRUCTURE recommendatio
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38 BUSINESS STRUCTURE TASE regulati
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40 BUSINESS STRUCTURE ♦ Non-profi
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4.2.2. Prerequisites 42 BUSINESS ST
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44 BUSINESS STRUCTURE As mentioned
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46 BUSINESS STRUCTURE 4.3. INSURANC
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5.1.2. Distribution of Employees 48
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50 BUSINESS ENVIRONMENT As of Janua
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5.2. ANTITRUST LAW 52 BUSINESS ENVI
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5.3. INTERNATIONAL TRADE 54 BUSINES
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5.4. TRADE AGREEMENTS 56 BUSINESS E
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5.5. PROPRIETARY RIGHTS 58 BUSINESS
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60 ACCOUNTING AND AUDITING PERSPECT
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74 INVESTMENT INCENTIVES AND TRADE
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