<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>15%<br>0%</td><td>Beneficial owner is a company holding directly at least 10% of the capital<br>In all other cases<br>If beneficial owner is the other State itself, political subdivisions, local governments, or the Central Bank thereof, pension funds, investment authorities or any other recognized governmental institutions</td></tr><tr><td>Interest</td><td>Article 11</td><td>0% (residence state only)</td><td>Taxable only in the Contracting State of which the beneficial owner is a resident.</td></tr></tbody></table>