The maximum rates of withholding tax are: -   15% in dividends in general, but 5% if the beneficial owner is a company (other than a partnership) that holds directly at least 10% of the capital in the company paying the dividends; -   5% on interest. However, an exemption applies with respect to interest paid in connection with the sale on credit of any industrial, commercial or scientific equipment, interest on bank loans, interest arising on loans paid or guaranteed by the government or the central bank of one of the states, and for interest arising in connection with...