<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>5%</td><td>If the beneficial owner is a resident of the other Contracting State. Includes income derived from full or partial liquidation. Branch profits may be taxed up to 5%. Hidden profit distribution taxed according to Bulgarian laws.</td></tr><tr><td>Interest</td><td>Article 11</td><td>5%</td><td>If the beneficial owner is a resident of the other Contracting State. Taxable only in residence state (0%) if paid to a pension fund which is a resident of the other Contracting State.</td></tr></table>