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of <h1>DTAA Article 12 Limits Source State Tax on Interest to 10% with Exemptions for Government and Central Banks.</h1> Article 12 of the Double Taxation Avoidance Agreement (DTAA) between Oman and another Contracting State addresses the taxation of interest. Interest paid from one Contracting State to a resident of the other may be taxed in the recipient's state, with a maximum tax of 10% in the source state if the recipient is the beneficial owner. Exemptions apply for government entities, central banks, and certain approved residents. Interest is defined broadly, excluding penalties for late payment. The article also outlines conditions where the provisions do not apply, such as when interest is connected to a permanent establishment or fixed base. Special relationships affecting interest amounts are addressed, limiting tax benefits to standard amounts.
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