Tax rate for royalties and technical fees reduced under India Canada treaty, applying lower OECD-derived rate to qualifying payments. The Protocol to the India-Canada DTAA allows automatic application of a lower withholding tax rate on royalties and fees for technical services when India adopts such a rate with OECD countries. A notification was issued applying the lower OECD-aligned rate to royalties and technical service fees paid by Indian residents to Canadian residents where the right is first granted or the contract signed after the triggering date; Canada issued a remission order to apply the revised rate reciprocally to payments to Indian residents.
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Provisions expressly mentioned in the judgment/order text.
Tax rate for royalties and technical fees reduced under India Canada treaty, applying lower OECD-derived rate to qualifying payments.
The Protocol to the India-Canada DTAA allows automatic application of a lower withholding tax rate on royalties and fees for technical services when India adopts such a rate with OECD countries. A notification was issued applying the lower OECD-aligned rate to royalties and technical service fees paid by Indian residents to Canadian residents where the right is first granted or the contract signed after the triggering date; Canada issued a remission order to apply the revised rate reciprocally to payments to Indian residents.
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