https://www.taxtmi.com/acts?id=15030 Dividends paid by a company resident in one Contracting State to a resident of the other may be taxed in the recipient's State, but the source State may also tax them; if the beneficial owner resides in the other State, source State withholding on such dividends is limited to 5 per cent of the gross amount. The withholding limit does not apply when the beneficial owner's holding is effectively connected with a permanent establishment or fixed base in the source State, in which case rules on business profits or independent personal services govern. The Article also prevents the source State from taxing dividends derived from the other Contracting State or taxing undistributed profits except in specified circumstances. en-us Tue, 30 Aug 2011 13:06:10 +0530 Tue, 26 Nov 2024 17:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15030 Dividends paid by a company resident in one Contracting State to a resident of the other may be taxed in the recipient's State, but the source State may also tax them; if the beneficial owner resides in the other State, source State withholding on such dividends is limited to 5 per cent of the gross amount. The withholding limit does not apply when the beneficial owner's holding is effectively connected with a permanent establishment or fixed base in the source State, in which case rules on business profits or independent personal services govern. The Article also prevents the source State from taxing dividends derived from the other Contracting State or taxing undistributed profits except in specified circumstances. Act-Rules DTAA Tue, 30 Aug 2011 13:06:10 +0530 https://www.taxtmi.com/acts?id=15030