TMI BlogDIVIDENDSX X X X Extracts X X X X X X X X Extracts X X X X ..... ry, but if the beneficial owner of the dividends is a resident of the other territory, the tax so charged shall not exceed 12.5 per cent of the gross amount of the dividends. This paragraph shall not affect the taxation of the company in respect of the profits out of which the dividends are paid. 3. The term "dividends" as used in this Article means income from shares on other rights, not bein ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Article 7 or Article 14, as the case may be, shall apply. 5. Where a company which is a resident of a territory derives profits or income from the other territory, that other territory may not impose any tax on the dividends paid by the company, except insofar as such dividends are paid to a resident of that other territory or insofar as the holding in respect of which the dividends are paid ..... X X X X Extracts X X X X X X X X Extracts X X X X
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