<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%</td><td>If recipient is beneficial owner. May also be taxed in residence state. Not applicable if effectively connected with a permanent establishment or fixed base in the source state.</td></tr><tr><td>Interest</td><td>Article 11</td><td>5%</td><td>If recipient is beneficial owner. May also be taxed in residence state. Not applicable if effectively connected with a permanent establishment or fixed base in the source state. Exempt if paid by the other Contracting State, ministries, other governmental agencies, municipalities, the Central Bank, and other banks wholly owned by the other Contracting State.</td></tr></tbody></table>