The maximum rates of withholding tax are: -   15% in dividends in general, but 5% if the beneficial owner is a company that holds directly at least 25% of the voting power in the company paying the dividends; -   5% on interest; and -   5 % on royalties; Both states provide for the credit method and exemption with progression method to avoid double taxation. Both states also grant a credit in respect of the underlying corporate tax if the recipient company controls directly or indirectly at least 10% of the voting power in the company paying the...