Tax rates as per IT Act vs. Tax Rates as per Tax Treaties with Different Countries: A Compilation

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Tax rates as per IT Act vs. Tax Rates as per Tax Treaties with Different Countries: A Compilation

ax rates as per IT Act vs. Tax Rates as per Tax Treaties with Different Countries: A Compilation

 

Country Dividend Interest

 

Royalty

 

Fee for Technical Services

 

Tax Treaty I-T Act (Note 6) Tax Treaty I-T Act

(Note 7)

Tax Treaty I-T Act (Note 4) Tax Treaty I-T Act

(Note 4)

Albania 10% 20%/10% 10%[Note1] 20%/10%/5% 10% 10% 10% 10%
Armenia 10% 20%/10% 10%[Note1] 20%/10%/5% 10% 10% 10% 10%
Australia 15% 20%/10% 15% 20%/10%/5% 10%/15%

[Note 2]
10% 10%/15%

[Note 2]
10%
Austria 10% 20%/10% 10%[Note1] 20%/10%/5% 10% 10% 10% 10%
Bangladesh a) 10% (if at least 10% of the capital of the company paying the dividend is held by the recipient company);

b) 15% in all other cases

20%/10% 10% [Note1] 20%/10%/5% 10% 10% No separate provision 10%
Belarus a) 10%, if paid to a company holding 25% shares;

b) 15%, in all other cases

20%/10% 10% [Note1] 20%/10%/5% 15% 10% 15% 10%
Belgium 15% 20%/10% 15% (10% if loan is if granted by a bank) 20%/10%/5% 10% 10% 10% 10%
Bhutan 10% 20%/10% 10%[Note1] 20%/10%/5% 10% 10% 10% 10%
Botswana a) 7.5%, if shareholder is a company and holds at least 25% shares in the investee-company;

b) 10%, in all other cases

20%/10% 10%[Note1] 20%/10%/5% 10% 10% 10% 10%
Brazil 15% 20%/10% 15% [Note1] 20%/10%/5% 25% for use of trademark; 15% for others 10% No separate provision 10%
Bulgaria 15% 20%/10% 15% [Note1] 20%/10%/5% 15% of royalty relating to literary, artistic, scientific works other than films or tapes used for radio or television broadcasting; 20% in other cases 10% 20% 10%
Canada a) 15%, if at least 10% of the voting powers in the company, paying the dividends, is controlled by the recipient company;

b) 25%, in other cases

20%/10% 15% [Note1] 20%/10%/5% 15%-20% 10% 15%-20% 10%
China 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Columbia 5% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Croatia a) 5% (if at least 10% of the capital of the company paying the dividend is held by the recipient company);

b) 15% in all other cases

20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Cyprus 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Czech Republic [Note8] 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Denmark a) 15%, if at least 25% of the shares of the company paying the dividend is held by the recipient company;

b) 25%, in other cases

20%/10% a) 10% if loan is granted by bank;

b) 15% for others [Note1]

20%/10%/5% 20% 10% 20% 10%
Estonia 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Ethiopia 7.5% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Finland 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Fiji 5% 20%/10%` 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
France 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Georgia 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Germany 10% 20%/10% 10% [Note1] 20%/10%/5% 10% 10% 10% 10%
Hongkong 5% 20%/10% 10% [Note1]
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