TMI BlogDividendsX X X X Extracts X X X X X X X X Extracts X X X X ..... that 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 (other than a partnership) which holds directly at least 25 per cent of the share of the company paying the dividends; (b) 15 per cent of the gross amount of the dividends in all other cases. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndependent 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 14, as the case may be, shall apply. 5. Where a company which is a resident of a Contracting State derives profits or income from the other Contract ..... X X X X Extracts X X X X X X X X Extracts X X X X
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