<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>10</td><td>5% / 10%</td><td>5% if the beneficial owner is a company (other than a partnership) which holds directly at least 25 per cent of the capital of the company paying the dividends: 10% in all other cases.</td></tr><tr><td>Interest</td><td>11</td><td>5%</td><td>Exemptions apply for the Government, political subdivisions, local authorities, the Central Bank, or any financial institution performing functions of a governmental nature.</td></tr></table>
Convention between the Government of the KINGDOM OF BAHRAIN and the Government of the REPUBLIC OF KOREA for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income
The Government of the Kingdom of Bahrain and the Government of the Republic of Korea,
Desiring to conclude a Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on Income,
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