<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>10%</td><td>Applies to the gross amount of dividends. Not applicable if beneficial owner is the Government of the other Contracting State or a governmental institution or other entity as defined in Article 4(2), in which case dividends are not taxable in the source state. Rate does not affect rates applied in production sharing contracts or similar contracts for oil and gas or other mining sectors. Branch profits may be subject to an additional tax of 10% on profits after deducting income tax, if transferred within 12 months.</td></tr><tr><td>Interest</td><td>Article 11</td><td>5%</td><td>Applies to the gross amount of interest. Not taxable in the source state if the beneficial owner is: (1) the Government of the other Contracting State or any governmental institution or entity as defined in Article 4(2); or (2) a company resident in the other Contracting State and controlled or at least 25% of its capital is owned directly or indirectly by such government or governmental institution/entity.</td></tr></tbody></table>