<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%<br>10%<br>0%</td><td>5% if the beneficial owner is a company (other than a partnership) holding directly at least 15% of the capital of the paying company.<br>10% in all other cases.<br>0% (residence state only) for listed government bodies under Article 10(3). PE or fixed base income: Article 7 or 14.</td></tr><tr><td>Interest</td><td>Article 11</td><td>8%<br>0%</td><td>8% where the beneficial owner is a resident of the other State.<br>0% (exempt at source) for the other State's Government, subdivisions, local authorities and Central Bank / National Bank, as extended by Article 11(4). PE or fixed base income: Article 7 or 14.</td></tr></tbody></table>