Dividends

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..... , but if the beneficial owner of the dividends is a resident of the other Contracting State, the tax so charged shall not exceed: ( a ) 5 per cent of the gross amount of dividends if the beneficial owner is a company which owns at least 10 per cent of the shares of the company paying the dividends; ( b ) 10 per cent of the gross amount of dividends in all other cases. This paragraph shall not affe .....

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..... m 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 14, 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 Contracting State, that other State may n .....

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