<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 12</td><td>0% (residence state only)</td><td>If beneficial owner is a resident of the other Contracting State. Provisions of paragraphs 3 and 4 shall not apply if the beneficial owner is one of the State institutions.</td></tr><tr><td>Interest</td><td>Article 13</td><td>5%</td><td>If beneficial owner, max 5%. Exempt for Government, local authority, Central Bank or any financial institution wholly owned by the Government of the other State, or with respect to debt-claims indirectly financed by them.</td></tr></tbody></table>