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of <h1>Income Tax Bill 2025: Clause 207 Sets Tax Rates for Non-Residents, Foreign Companies on Dividends, Interest, Royalties.</h1> Clause 207 of the Income Tax Bill, 2025, specifies tax rates for non-residents and foreign companies on various income types, including dividends, interest, royalties, and technical service fees. Dividends from International Financial Services Centres are taxed at 10%, while other dividends and certain interests are taxed at 20%. Royalties and fees for technical services are also taxed at 20%. The clause outlines conditions for agreements approved by the government and specifies that no deductions are allowed for expenditures under certain sections. It also exempts assessees from filing returns if tax is deducted at source at specified rates.
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