The maximum rates of withholding tax are: -   10% on dividends; -   15% on interest, in general; and 10% if the interest is beneficially owned by any financial institution, insurance company, or, supplier selling goods/services on credit in an arm's length transaction. Interest paid to the respective governments, local authorities, designated banks, etc. are exempt from tax; and -   15% on royalties in general; 10% if the royalty is in respect of the use of or the right to use any patent, trademark, design or model, plan, secret formula or process; and 5% if the royalty is...