<h3>Tax Rates</h3><table><tr><th>Item</th><th>Article reference</th><th>Applicable Rates</th><th>Comments</th></tr><tr><td>Dividends</td><td>Article 10</td><td>5% / 15%</td><td>5% applies if the beneficial owner is a Contracting State, political subdivision, local government, or government institution: 15% in all other cases.</td></tr><tr><td>Interest</td><td>Article 11</td><td>10% / 15% / 0% (residence state only)</td><td>10% applies if the beneficial owner is a bank and the loan is granted for at least 5 years for financing equipment or investment projects: 0% applies to interest beneficially owned by the Government, political subdivisions, local governments, or government institutions: 15% in all other cases. Includes interest on company's equity in Brazil.</td></tr></table>