The maximum withholding tax rates are: -   15% on dividends in general and 10% if the beneficial owner is a company (excluding a partnership) holding directly at least 25% of the capital of the company paying the dividends; -   15% on interest in general and 10% on interest received by any financial institution including an insurance company. There is an exemption in the source state for interest derived by the government (as defined) or the central bank of one of the states, the Export-Import Bank of Thailand or the Turkish Exim bank; and -   15% on royalties...