The maximum withholding taxes are: -   10% on dividends; there is no further reduction in case of certain minimum holdings -   10% on interest (with certain exemptions); and -   10% on royalties relation to all kind of royalties. The treaty does not differentiate between "cultural" royalties and "industrial" royalties. Both states generally apply the ordinary credit method for the avoidance of double taxation. However, in some cases the exemption-with-progression method will be use. The treaty entered into force on 7 December 2005 and its provisions shall have effect: -   in respect of taxes withheld at source,...