The first-time income tax treaty and protocol between Brazil and Israel, signed on 12 December 2002, entered into force on 16 September 2005.

The treaty will generally apply from 1 January 2006. The maximum rates of withholding tax are:
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15% on dividends, in general, and 10% if the beneficial owner is a company that holds directly at least 25% of the capital in the company paying the dividends |
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