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of <h1>Article 11 of DTAA: Taxation of Interest Capped at 10% with Exemptions for Governments and Central Banks.</h1> Article 11 of the Double Tax Avoidance Agreement (DTAA) between two Contracting States addresses the taxation of interest. Interest arising in one State and paid to a resident of the other may be taxed in the recipient's State. However, it may also be taxed in the State of origin, with a cap of 10% of the gross interest if the beneficial owner resides in the other State. Exemptions apply for interest owned by governmental entities or central banks. The article defines 'interest' and outlines exceptions for business operations with permanent establishments. It also addresses interest arising due to special relationships exceeding normal amounts.
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