Doing Business in India - RSM Austria

ANNEXURE I:
DOUBLE TAXATION AVOIDANCE AGREEMENTS
('DTAA') RATES
List of countries with which India has entered into Double Tax Treaties
Sr.
No.
Country
Dividend
[Note 1]
Tax rate
Interest Royalty Fees for
Technical
Service
('FTS')
Tax rate Tax rate Tax rate
1. Armenia 10% 10% [Note 4] 10% 10%
Remarks
2. Australia 15% 15% Note 5 No
Separate
Provision
3. Austria 10% 10% [Note 4] 10% 10%
4. Bangladesh 10% / 15% 10% [Note 4] 10% No 10% tax on dividends if at least 10% of
separate the capital is owned by company; in
provision other cases 15%.
5. Belarus 10% / 15% 10% [Note 4] 15% 15% 10% tax on dividends if at least 25% of
the capital is owned by company; in
other cases 15%.
6. Belgium 15% 15% / 10% 10% 10% Interest taxable at 10% if recipient is
bank; in other cases 15%.
7. Botswana 7.5% / 10% 10% [Note 4] 10% 10% 7.5% tax on dividends if at least 25% of
the capital is owned by company; in
other cases 10%.
8. Brazil 15% 15% [Note 4] 15% No 15% tax on dividends if paid to a
(25% for separate company; otherwise as per local tax
trademark) provision laws.
9. Bulgaria 15% 15% [Note 4] 15% / 20% 20% 15% tax on royalties if relating to
copyrights of literary, artistic or
s c i e n t i f i c w o r k s, o t h e r t h a n
cinematograph films or films or tapes
u sed fo r ra d i o o r te l ev i s i o n
broadcasting; in any other case 20%.
10. Canada 15% / 25% 15% [Note 4] Note 5 Note 5 15% tax on dividends if at least 10% of
the capital is owned by company; in any
other cases 25%.
11. China 10% 10% [Note 4] 10% 10%
12. Cyprus 10% / 15% 10% [Note 4] 15% 15% 10% tax on dividends if at least 10% of
the capital is owned by company; in
other cases 15%.
DOING BUSINESS IN INDIA 133