The maximum withholding tax rates are: -   15% on dividends in general and 5% if the beneficial owner is a company which owns directly or indirectly at least 20% of the voting stock company paying the dividends; -   15% on interest in general and 5% on interest derived from loans granted by banks and insurance companies, bonds and securities regularly and substantially traded on a recognized securities market and from a sale on credit paid by the purchaser of machinery and equipment to a beneficial owner who is the seller of the machinery and equipment; and -  ...