Applicable cash or property dividend tax for a non-resident foreign corporation or an individual that is a resident of a treaty country

Cash and property dividends received from a domestic corporation by a non-resident foreign corporation are subject to final withholding tax of 25%. The 25% rate for dividends paid to a non-resident foreign corporation may be reduced to 15% subject to the conditions that the country in which the non-resident foreign corporation is domiciled allows a credit against the tax due from the non-resident foreign corporation. This is provided that all supporting documents have been submitted.