Dividends

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..... State, but if the beneficial recipient of the dividends is the resident of the other Contracting State, the tax so charged shall not exceed : (a) 7.5 per cent of the gross amount of the dividends if the beneficial owner is a company which holds directly at least 25 per cent of the share capital of the company paying dividends; (b) 10 per cent of the gross amount of dividends in all other cases. T .....

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..... er State independent personal services from a fixed base situated therein, and the holding in respect of which the dividends are paid is effectively connected with such permanent establishment or fixed base. In such case the provisions of Article 7 or Article 15, as the case may be, shall apply. 5. Where a company which is a resident of a Contracting State derives profits or income from the other .....

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