<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>15%</td><td>5%: If beneficial owner (other than an individual or a partnership) holds directly at least 10% of the capital of the company paying the dividends.<br>15%: In all other cases.<br>For dividends subject to the 15% rate, a further relief of tax of 5% of the gross amount of the dividends may apply for a German resident beneficial owner entitled to a tax credit (Anrechnung der Körperschaftsteuer) under German law.</td></tr><tr><td>Interest</td><td>Article 11</td><td>0% (residence state only)</td><td>If the beneficial owner of the interest is a resident of the other Contracting State.</td></tr></tbody></table>