SCHEDULE
PART ICONVENTION BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF THE REPUBLIC OF UZBEKISTAN FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND CAPITAL GAINS
ARTICLE 11Interest
12
Notwithstanding the provisions of Article 7 of this Convention and of paragraph (2) of this Article, interest arising in the United Kingdom which is paid to and beneficially owned by a resident of Uzbekistan shall be exempt from tax in the United Kingdom if it is paid in respect of a loan made, guaranteed or insured, or any other debt-claim or credit guaranteed or insured, by the National Bank for Foreign Economic Activity of the Republic of Uzbekistan.