<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 10</td><td>5%</td><td>Residence state may tax; source state capped at 5% of gross where the beneficial owner is resident in the other state. Holdings effectively connected with a PE or fixed base fall under Article 7 or 14.</td></tr><tr><td>Interest</td><td>Article 11</td><td>5%</td><td>Termed income from debt-claims. Source state capped at 5% of gross for a resident beneficial owner. PE / fixed base carve-out to Article 7 or 14.</td></tr></table>