<h1>Finance Bill 2013-14: 20% Tax on Unlisted Company Share Buy-Backs & Increased Tax on Non-Resident Royalties to 25.</h1> The Finance Bill 2013-14 proposes a 20% final withholding tax on profits distributed by unlisted companies to shareholders through share buy-backs, aiming to prevent tax avoidance. Additionally, the tax rate on payments for royalties and technical services to non-residents is proposed to increase from 10% to 25%, though the applicable rate will adhere to the Double Tax Avoidance Agreement. This adjustment addresses the discrepancy between the Income Tax Act's lower rates and those in various international agreements.