https://www.taxtmi.com/acts?id=5784 Interest arising in one Contracting State and paid to a resident of the other may be taxed in the recipient's State, while the source State may also tax such interest subject to a treaty cap for the beneficial owner. Exemptions exist where the payer or recipient is the Government, a local authority, or a wholly owned agency. Interest is defined broadly to include government securities, bonds, debentures and all debt-claims. Interest tied to a permanent establishment is treated as arising in the State of that permanent establishment, and amounts above arm's-length due to special relationships remain taxable under domestic law. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Mar 2009 11:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5784 Interest arising in one Contracting State and paid to a resident of the other may be taxed in the recipient's State, while the source State may also tax such interest subject to a treaty cap for the beneficial owner. Exemptions exist where the payer or recipient is the Government, a local authority, or a wholly owned agency. Interest is defined broadly to include government securities, bonds, debentures and all debt-claims. Interest tied to a permanent establishment is treated as arising in the State of that permanent establishment, and amounts above arm's-length due to special relationships remain taxable under domestic law. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5784