Most-favoured-nation clause extends lower tax rates or exemptions on dividends, interest, royalties and technical fees to Finland. The protocol treats Finnish agricultural and forestry income as income from immovable property for Article 6 purposes, and provides that if India later grants exemption or a lower tax rate on dividends, interest, royalties or fees for technical services to an OECD Member State, the same exemption or lower rate must apply to such income beneficially owned by residents of Finland (and reciprocally for Finnish grants to Indian residents) under identical conditions, with India's competent authority required to notify Finland. It also defines 'statutory body' and designates English as the prevailing text.
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 lower tax rates or exemptions on dividends, interest, royalties and technical fees to Finland.
The protocol treats Finnish agricultural and forestry income as income from immovable property for Article 6 purposes, and provides that if India later grants exemption or a lower tax rate on dividends, interest, royalties or fees for technical services to an OECD Member State, the same exemption or lower rate must apply to such income beneficially owned by residents of Finland (and reciprocally for Finnish grants to Indian residents) under identical conditions, with India's competent authority required to notify Finland. It also defines "statutory body" and designates English as the prevailing text.
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