Summary Of Withholding Tax Rates

PAID TO RESIDENTS OF CYPRUS 

Country                Dividends       Interest        Royalties 
Austria                   10%              nil             nil 
Belgium                   15%              15%             nil
Bulgaria                  nil              nil             nil
Canada                    15%              15%             10% (12)
China                     10%              10%             5% (8)
C.I. S (Ex-USSR)          nil              nil             nil
Czech Republic            10%              10%             5% (8)
Slovakia                  10%              10%             5% (8)
Denmark                   10% (1)          10%             nil 
Egypt                     15%              15%             10%
France                    10% (2)          10%             nil (10)
Germany                   15% (3)          10%             nil (10)
Greece                    25%              10%             nil (9)   
Hungary                   15% (4)