Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Article 12 of Romania's DTAA: Interest Taxed at Source or Recipient State, Max 15% Rate with Exemptions for Government Entities.</h1> Article 12 of the Double Taxation Avoidance Agreement (DTAA) between Romania and another Contracting State, effective until December 15, 2013, addresses the taxation of interest. Interest arising in one Contracting State and paid to a resident of the other may be taxed in the recipient's state but can also be taxed in the state where it arises, with a maximum tax rate of 15% if the recipient is the beneficial owner. Exemptions apply for interest beneficially owned by government entities or central banks and for interest related to certain trade financing. The article defines interest, excludes penalty charges, and specifies conditions under which the standard provisions do not apply, particularly concerning permanent establishments or special relationships.
TaxTMI 
TaxTMI 
