The 2009 double taxation treaty between the Philippines and Kuwait entered into force on 22 April 2013 and applies as from 1 January 2014. A 10% maximum withholding tax applies to dividends paid to a company (other than a partnership) that holds directly at least 10% of the capital of the payer company; otherwise, the rate is 15%. The rate on interest is 10% and the rate on royalties is 20%.