https://www.taxtmi.com/acts?id=15001 Royalties may be taxed in the recipient's State but also in the source State; where the beneficial owner is resident in the other Contracting State the source State's tax is limited to a capped withholding rate on the gross amount. The term covers payments for use of copyrights, patents, trademarks, designs, models, plans, secret formulas or processes, equipment, and information concerning industrial, commercial or scientific experience. Exceptions apply where royalties are effectively connected with a permanent establishment or fixed base in the source State, in which case business or independent services rules govern. Related party excess payments are limited to the arm's length amount for purposes of this Article. en-us Tue, 30 Aug 2011 12:29:11 +0530 Tue, 26 Nov 2024 16:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15001 Royalties may be taxed in the recipient's State but also in the source State; where the beneficial owner is resident in the other Contracting State the source State's tax is limited to a capped withholding rate on the gross amount. The term covers payments for use of copyrights, patents, trademarks, designs, models, plans, secret formulas or processes, equipment, and information concerning industrial, commercial or scientific experience. Exceptions apply where royalties are effectively connected with a permanent establishment or fixed base in the source State, in which case business or independent services rules govern. Related party excess payments are limited to the arm's length amount for purposes of this Article. Act-Rules DTAA Tue, 30 Aug 2011 12:29:11 +0530 https://www.taxtmi.com/acts?id=15001