https://www.taxtmi.com/acts?id=15121 Dividends paid by a resident company to a resident of the other Contracting State may be taxed in the recipient's State, while the source State may tax such dividends subject to a reduced withholding where the beneficial owner is resident of the other State. The term dividends covers income from shares and analogous corporate rights. If the beneficial owner has a permanent establishment or fixed base in the source State and the holding is effectively connected, the provisions on business profits or independent personal services apply instead. The source State may not tax dividends of a resident company deriving income from the other State except in limited connected circumstances, nor tax undistributed profits on that basis. en-us Tue, 30 Aug 2011 15:25:02 +0530 Fri, 22 Nov 2024 14:38:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15121 Dividends paid by a resident company to a resident of the other Contracting State may be taxed in the recipient's State, while the source State may tax such dividends subject to a reduced withholding where the beneficial owner is resident of the other State. The term dividends covers income from shares and analogous corporate rights. If the beneficial owner has a permanent establishment or fixed base in the source State and the holding is effectively connected, the provisions on business profits or independent personal services apply instead. The source State may not tax dividends of a resident company deriving income from the other State except in limited connected circumstances, nor tax undistributed profits on that basis. Act-Rules DTAA Tue, 30 Aug 2011 15:25:02 +0530 https://www.taxtmi.com/acts?id=15121