<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>0% (residence state only)</td><td>Taxable only in the recipient's State of residence. Holdings effectively connected with a PE in the source State: Article 7. No tax on dividends or undistributed profits merely because profits arise there (Article 10(4)).</td></tr><tr><td>Interest</td><td>Article 11</td><td>0% (residence state only)</td><td>Taxable only in the recipient's State of residence. PE-connected debt-claims: Article 7. Any non-arm's length excess stays taxable under domestic law (Article 11(4)).</td></tr></tbody></table>