TMI BlogDividendsX X X X Extracts X X X X X X X X Extracts X X X X ..... State, but if the recipient is the beneficial owner of the dividends, the tax so charged shall not exceed : (a) 15% of the gross amount of the dividends if the beneficial owner is a company which owns at least 10 per cent of the shares of the company paying the dividends; (b) 25% of the gross amount of the dividends in all other cases. This paragraph shall not affect the taxation of the com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es on business in the other Contracting State of which the company paying the dividends is a resident, through a permanent establishment situated 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 a case ..... X X X X Extracts X X X X X X X X Extracts X X X X
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