<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%<br>0%<br>5%</td><td>Beneficial owner is the Government of the other Contracting State or any governmental institution or other entity thereof (Art. 4, para 1, subpara a, items (2) to (5)).<br>Beneficial owner is a company which holds directly at least 25% of the capital of the company paying the dividends.<br>In all other cases.</td></tr><tr><td>Interest</td><td>Article 11</td><td>0%<br>5%</td><td>Exempt if derived by the Government of the other Contracting State or any governmental institution or other entity thereof (Art. 4, para 1, subpara a, items (2) to (5)).<br>In all other cases, if the beneficial owner of the interest is a resident of the other Contracting State.</td></tr></tbody></table>
CONVENTION between the Government of the STATE OF KUWAIT and the Government of the REPUBLIC OF BULGARIA for the AVOIDANCE OF DOUBLE TAXATION and the PREVENTION OF FISCAL EVASION with RESPECT to TAXES on INCOME and CAPITAL
Prom. SG. 33/23 Apr 2004
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