Most favoured nation clause extends treaty exemptions or lower withholding taxes to qualifying Finland-India residents. The Protocol treats income from agriculture and forestry in Finland as income from immovable property under the Agreement; establishes an MFN-style rule whereby any later exemption or lower tax rate India grants by treaty to an OECD member on dividends, interest, royalties or fees for technical services shall apply equally to such income beneficially owned by residents of Finland (and reciprocally for income in Finland beneficially owned by Indian residents), subject to notification by India's competent authority; and defines 'statutory body' as a public legal entity wholly owned by the State or a local authority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Most favoured nation clause extends treaty exemptions or lower withholding taxes to qualifying Finland-India residents.
The Protocol treats income from agriculture and forestry in Finland as income from immovable property under the Agreement; establishes an MFN-style rule whereby any later exemption or lower tax rate India grants by treaty to an OECD member on dividends, interest, royalties or fees for technical services shall apply equally to such income beneficially owned by residents of Finland (and reciprocally for income in Finland beneficially owned by Indian residents), subject to notification by India's competent authority; and defines "statutory body" as a public legal entity wholly owned by the State or a local authority.
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