Lebanon

Convention between Lebanon and Ukraine for the avoidance of double taxation dated 22 April 2002 entered into force on 6 September 2003 (ratified by the Law of Ukraine # 1011 dated 19 June 2003).

Article 10 (Dividends):

Paragraph 2. Dividends may be taxed in the Contracting State of which the company paying the dividends is a resident, and according to the laws of that State, 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 % of the gross amount of the dividends if the beneficial owner is a company (other than a partnership) which holds at least 20 %of the capital of the company paying the dividends;

(b) 15 % of the gross amount of the dividends in all other cases.

Article 11 (Interest):

Paragraph 2. Interest may be taxed in the Contracting State in which it arises and according to the laws of that State, but if the beneficial owner of the interest is a resident of the other Contracting State, the tax so charged shall not exceed 10 % of the gross amount of the interest.

Paragraph 3. Notwithstanding the provisions of paragraph 2, interest arising in a Contracting State shall be exempt from tax in that State if the beneficial owner of the interest is the Government of the other Contracting State, a local authority thereof, or administrative subdivision, or any agency, or bank, or any institution of that other Contracting State, or the interest is paid in relation to loan granted by the resident of that other Contracting State guaranteed, insured or financed directly or indirectly by the financial institution wholly owned by the Government of that other Contracting State.

Article 12 (Royalty):

Paragraph 2. Royalties may be taxed in the Contracting State in which they arise, and according to the laws of that State, but if the beneficial owner of the royalties is the resident of the other Contracting State the tax so charged shall not exceed 10 % of the gross amount of the royalties.