According to a 30 June 2016 announcement from the Icelandic Ministry for Foreign Affairs, an income and capital tax treaty has been signed with Austria. The announcement includes that the withholding tax rates under the treaty are as follows:

• Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 15%
• Interest - 0%
• Royalties …