The treaty will generally apply from 1 January 2006. The maximum rates of withholding tax are: -   15% on dividends, in general, and 10% if the beneficial owner is a company that holds directly at least 25% of the capital in the company paying the dividends -   15% on interest. There are exemptions for interest paid (i) to the government or a political subdivision thereof, central bank or any wholly owned agency (including a financial institution), and (ii) on bonds or securities issued by the government or a political subdivision thereof, central bank, or any wholly owned agency...