https://www.taxtmi.com/acts?id=5454 may be taxed by the recipient's State and by the source State, but a reduced withholding charge applies where the recipient is the beneficial owner and payments are made by qualifying enterprises (Board of Investment-registered Philippine enterprises or Indian enterprises under Government-approved collaboration agreements). The definition of "royalties" covers payments for use of copyrights, films, patents, trademarks, designs, plans, secret formulas, equipment and technical information. Exceptions apply when royalties are effectively connected with a permanent establishment or fixed base, in which case business profits or independent services rules govern. Special-relationship adjustments limit treaty relief to arm's-length amounts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 19 Dec 2024 10:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5454 may be taxed by the recipient's State and by the source State, but a reduced withholding charge applies where the recipient is the beneficial owner and payments are made by qualifying enterprises (Board of Investment-registered Philippine enterprises or Indian enterprises under Government-approved collaboration agreements). The definition of "royalties" covers payments for use of copyrights, films, patents, trademarks, designs, plans, secret formulas, equipment and technical information. Exceptions apply when royalties are effectively connected with a permanent establishment or fixed base, in which case business profits or independent services rules govern. Special-relationship adjustments limit treaty relief to arm's-length amounts. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5454