TMI BlogDividendsX X X X Extracts X X X X X X X X Extracts X X X X ..... t, and according to the law of that State, but if the recipient is the beneficial owner of the dividends the tax so charged shall not exceed 15 per cent. of the gross amount. 3. The term "dividends" as used in this article means income from shares or other rights, not being debt-claims, participating in profits, as well as income from other corporate rights assimilated to income from shares or a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y which is a resident of a Contracting State derives profits or income from the other Contracting State, that other State may not impose any tax on the dividends paid by the company except in so far as such dividends are paid to a resident of that other State or in so far as the holding in respect of which the dividends are paid is effectively connected with a permanent establishment or a fixed ba ..... X X X X Extracts X X X X X X X X Extracts X X X X
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