<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 11</td><td>7.5%</td><td>If the beneficial owner is a resident of the other Contracting State. Exempt if derived and beneficially owned by the Government of the other Contracting State, a local government, a political subdivision, a local authority thereof or any company, statutory body, agency or instrumentality which is wholly or partially directly or indirectly owned by that government.</td></tr><tr><td>Interest</td><td>Article 12</td><td>7.5%</td><td>If the beneficial owner of the interest is a resident of the other Contracting State. Exempt if derived and beneficially owned by the Government of the other Contracting State, a local government, a political subdivision, a local authority thereof or any company, statutory body, agency or instrumentality which is wholly or partially directly or indirectly owned by that government, in which case such income shall be taxable only at the state of residence.</td></tr></tbody></table>