<h3>Tax Rates</h3><table><thead><tr><th>Item</th><th>Article reference</th><th>Applicable Rates</th><th>Comments</th></tr></thead><tbody><tr><td>Dividends</td><td>Article 10</td><td>5%<br>10%</td><td>5% if beneficial owner is the Government or a public institution which is wholly owned by the Government or its political subdivisions or local authorities, or if the beneficial owner is a company (excluding partnership) which holds directly at least 20% of the capital of the company paying the dividends.<br>10% in all other cases.</td></tr><tr><td>Interest</td><td>Article 11</td><td>0%<br>10%</td><td>0% if derived and beneficially owned by the Government, the Central Bank, or a public institution which is wholly owned by the Government, or its political subdivisions or local authorities of the other Contracting State.<br>10% in all other cases.</td></tr></tbody></table>