<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>5% / 15% / 0% (residence state only)</td><td>5% if the beneficial owner is a company (other than partnership) which holds directly at least 25% of the capital of the company paying the dividends. 15% in all other cases. 0% if the beneficial owner is the other State, a territorial-administrative subdivision or local authority thereof, or specific government institutions agreed upon by competent authorities.</td></tr><tr><td>Interest</td><td>Article 11</td><td>10% / 0% (residence state only)</td><td>10% of the gross amount. 0% if the beneficial owner is the other State, a territorial-administrative subdivision or local authority thereof, specific government institutions agreed upon by competent authorities. Also 0% if paid in respect of a loan made, guaranteed or insured, or in respect of any other debt-claim or credit guaranteed or insured on behalf of the other Contracting State by its authorized organ.</td></tr></tbody></table>