<h3>Tax Rates</h3><table><tr><th>Item</th><th>Article reference</th><th>Applicable Rates</th><th>Comments</th></tr><tr><td>Dividends</td><td>Article 10, Protocol</td><td>10% / 12.5% / 5%</td><td>10% if the beneficial owner is a company (other than a partnership) which owns at least 10% of the shares of the company paying the dividends. 12.5% in all other cases. The Protocol stipulates a 5% rate for dividends derived from Pakistan by the State General Reserve Fund of the Sultanate of Oman.</td></tr><tr><td>Interest</td><td>Article 11</td><td>10% / 0% (residence state only)</td><td>10% general rate. 0% if derived and beneficially owned by the Government, a political sub-division, a local authority, the Central Bank of the other Contracting State, or the State General Reserve Fund of the Sultanate of Oman.</td></tr></table>
Agreement between the Government of the ISLAMIC REPUBLIC OF PAKISTAN and the Government of the SULTANATE OF OMAN for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income
The Government of the Islamic Republic of Pakistan and the Government of the Sultanate of Oman, desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, have agreed as follows:
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