16 October 2005
The maximum withholding tax rates are:
0% on dividends if the beneficial owner is a company (other than a partnership) which holds directly at least 10 per cent of the capital of the company paying the dividends; and
|-||15% on dividends in all other cases|
|-||0% on interest|
|-||0% on any copyright of literary, artistic or scientific work except of computer software and including cinematograph films, and films or tapes for television or radio broadcasting royalties;|
|-||5% on industrial, commercial or scientific equipment; and|
|-||10% on any patent, trade mark, design or model, plan, secret formula or process and computer software, or for information concerning industrial, commercial or scientific experience.|
Both states apply the credit method and exemption with progression method to avoid double taxation.
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