<h3>Tax Rates</h3><table><tr><th>Item</th><th>Article reference</th><th>Applicable Rates</th><th>Comments</th></tr><tr><td>Dividends</td><td>Article 10</td><td>0% / 15%</td><td>0% generally. 15% applies if paid out of income derived from immovable property by investment activities distributing most of this income annually and whose income from such immovable property is exempted from tax (except when the beneficial owner is a pension scheme).</td></tr><tr><td>Interest</td><td>Article 11</td><td>0% (residence state only) / May be taxed in source state</td><td>0% (residence state only) applies if beneficially owned by the State, an individual, a listed company, a company with less than 25% non-resident ownership, a pension scheme, an unrelated financial institution, or if paid by the State or a bank, or for bonds traded on a European Stock Exchange. Otherwise, taxable according to domestic laws.</td></tr></table>