<h3>Tax Rates</h3><table><tr><th>Item</th><th>Article reference</th><th>Applicable Rates</th><th>Comments</th></tr><tr><td>Dividends</td><td>Article 11</td><td>15%<br>0% (residence state only)</td><td>If beneficial owner is a resident of the other Contracting State.<br>If beneficial owner is the other Contracting State itself, a local government, local authority or a financial/qualified government institution of that other State (as defined in Protocol 1).</td></tr><tr><td>Interest</td><td>Article 12</td><td>6%<br>15%<br>0% (residence state only)</td><td>If beneficial owner is a resident of the other Contracting State and interest is from bank loans or insurance companies.<br>If beneficial owner is a resident of the other Contracting State, in all other cases.<br>If beneficial owner is the other Contracting State itself, a local government, local authority or a financial/qualified government institution of that other State (as defined in Protocol 1).</td></tr></table>