https://www.taxtmi.com/acts?id=18003 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 also tax such dividends but, where the recipient is the beneficial owner, source tax is limited to a specified maximum of the gross dividend. The source-state reduction does not apply where 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. en-us Mon, 22 Jul 2013 16:43:35 +0530 Mon, 18 Nov 2024 12:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18003 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 also tax such dividends but, where the recipient is the beneficial owner, source tax is limited to a specified maximum of the gross dividend. The source-state reduction does not apply where 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. Act-Rules DTAA Mon, 22 Jul 2013 16:43:35 +0530 https://www.taxtmi.com/acts?id=18003