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of <h1>Article 11 of DTAA Limits Source State Tax on Interest to 15% for Cross-Border Residents</h1> Article 11 of the Double Taxation Avoidance Agreement (DTAA) between Australia and another Contracting State addresses the taxation of interest. Interest earned in one Contracting State by a resident of the other may be taxed in both states, but the tax in the source state cannot exceed 15% of the gross interest amount. The term 'interest' encompasses various forms of debt income but excludes certain types outlined in Article 8. Exceptions apply for interest connected to business operations through a permanent establishment. The article also addresses interest arising from special relationships, limiting tax to expected amounts without such relationships.
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