https://www.taxtmi.com/acts?id=5573 Dividends paid between residents of the Contracting States may be taxed in the recipient's state, but the source state may also tax them subject to reduced ceilings when the recipient is the beneficial owner. The treaty defines dividends to include income from shares and similar corporate rights. Reduced source taxation does not apply if the beneficial owner's holding is effectively connected with a permanent establishment or fixed base in the source state, where rules for business profits or independent personal services then govern. The source state may not tax such dividends or undistributed profits beyond these treaty limits. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Mar 2009 12:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5573 Dividends paid between residents of the Contracting States may be taxed in the recipient's state, but the source state may also tax them subject to reduced ceilings when the recipient is the beneficial owner. The treaty defines dividends to include income from shares and similar corporate rights. Reduced source taxation does not apply if the beneficial owner's holding is effectively connected with a permanent establishment or fixed base in the source state, where rules for business profits or independent personal services then govern. The source state may not tax such dividends or undistributed profits beyond these treaty limits. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5573