Doing Business in India - RSM Austria

Sr.
No.
Country
Dividend
[Note 1]
Tax rate
Interest Royalty Fees for
Technical
Service
('FTS')
Tax rate Tax rate Tax rate
70. Uganda 10% 10% [Note 4] 10% 10%
Remarks
71. Ukraine 10% / 15% 10% [Note 4] 10% 10% 10% tax on dividends if at least 25% of
the capital is owned by company; in
other cases 15%.
72. United Arab 10% 12.5% / 5% 10% No Interest taxable at 5% if recipient is
Emirates separate bank or similar financial institution; in
provision other cases 12.5%.
73. United Arab For rate of tax and basis of taxation, No Source country has right to tax.
Republic (Egypt) refer to DTAA provision separate
provision
74. United Kingdom 15% 15% / 10% Note 5 Note 5 Interest taxable at 10% if recipient is
[Note 4] bank; in other cases 15%.
75. United States of 15% / 25% 10%/15% Note 5 Note 5 1. 15% tax on dividends if at least 10%
America
of the capital is owned by company;
in any other cases 25%.
2. Interest taxable at 10% if recipient
is bona fide bank or financial
institution, in other cases 15%.
3. Fees for Technical Services have
been referred as 'Fees for Included
Services'.
76. Uzbekistan 15% 15% [Note 4] 15% 15%
77. Vietnam 10% 10% [Note 4] 10% 10%
78. Zambia 5% / 15% 10% [Note 4] 10% No 5% tax on dividends if at least 25% of
separate the capital is owned by company; in
provision other cases 15%.
Notes
1. As per section 115-O of the Income Tax Act, 1961, subject to certain exceptions, any
amount declared, distributed or paid by a domestic company by way of dividend shall be
chargeable to Dividend Distribution Tax @ 16.60875%. In such cases, dividend
distributed (which is subject to DDT) is not subject to any withholding tax. The rates
mentioned in the Table are limited to dividend other than the dividend declared,
distributed or paid by Indian companies (such as deemed dividend etc.).
2. Unless otherwise provided in 'Remarks' Column, both States have right to tax.
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DOING BUSINESS IN INDIA