TMI BlogDividendsX X X X Extracts X X X X X X X X Extracts X X X X ..... rding to the laws of that Contracting State, but if the recipient is the beneficial owner of the dividends, the tax so charged shall not exceed : (a) 10 per cent of the gross amount of the dividends if the beneficial owner is a company which holds directly at least 10 per cent of the capital of the company paying the dividends; (b) 15 per cent of the gross amount of the dividends in all other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d therein, or performs in that other State independent personal services from a fixed base situated therein and the holding in respect of which the dividends are paid is effectively connected with such permanent establishment or fixed base. In such case the provisions of Article 7 or Article 15, as the case may be, shall apply. 5. Where a company which is a resident of a Contracting State derive ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
