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of <h1>India-Canada Tax Treaty Amended: Royalty & Technical Services Tax Rate Reduced from 30% to 20% for Post-1988 Contracts.</h1> The circular addresses an amendment to the tax treaty between India and Canada regarding the rate of tax on royalties and fees for technical services. Originally, the treaty set a 30% tax rate. However, following agreements with other OECD countries, India reduced this rate to 20% for similar payments. Consequently, after discussions with Canada, a notification was issued on June 24, 1992, applying the 20% rate to payments made by Indian residents to Canadian residents for rights or contracts initiated after December 12, 1988. Canada reciprocated with a Remission Order on December 3, 1991, applying the same rate to Indian residents.
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