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of <h1>India-Canada Double Taxation Agreement Amended: Royalties, Tech Services Tax Reduced from 30% to 20%</h1> The 1986 agreement between India and Canada on double taxation was amended to reduce the tax rate on royalties and fees for technical services from 30% to 20%. This change aligns with similar agreements India made with other OECD countries, such as Sweden. Effective for contracts signed or rights granted after December 12, 1988, the reduced rate applies to payments from Indian residents to Canadian residents and vice versa. The Canadian government issued a Remission Order to reflect this change, which aims to harmonize withholding tax rates between the two countries. The estimated annual revenue cost of this reduction is minimal.
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