<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(2)</td><td>15%</td><td>Tax shall not exceed 15 per cent of the gross amount of the dividends.</td></tr><tr><td>Interest</td><td>Article 12(2), 12(3)</td><td>10%; 0%</td><td>10% of the gross amount of the interest. 0% for interest arising in a Contracting State and paid to: the Government of the other Contracting State, or a political subdivision, local government or local authority thereof; the Central Bank, an authority, a corporation, a foundation, a development fund or any other financial institution that is wholly-owned by the Government; or any other similar entity as may be agreed upon from time to time.</td></tr></tbody></table>