<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>10%</td><td>General rate: 10% of gross amount if recipient is beneficial owner. Exempt for dividends derived by the Government, local authority, Central Bank, or other institution owned by that Government. For Sri Lanka, dividends from Board of Investment (BOI)-licensed companies are exempt during the tax holiday period and one year thereafter (Protocol 2.1, 2.3).</td></tr><tr><td>Interest</td><td>Article 11</td><td>10%</td><td>General rate: 10% of gross amount if recipient is beneficial owner. Exempt for interest derived by the Government, local authority, Central Bank, or any financial institution controlled by that Government.</td></tr></tbody></table>