https://www.taxtmi.com/news?id=456 A bilateral treaty establishes a framework to avoid double taxation and prevent fiscal evasion on income and capital, specifying covered domestic taxes and allocating taxing rights. It permits taxation of dividends, interest, royalties and fees for technical services in both residence and source States while capping source-State taxation where the beneficial owner resides in the other Contracting State. Capital gains on alienation of company shares are taxable in the State of the company's residence. Double taxation is relieved by crediting foreign taxes; the treaty provides for exchange of information, mutual assistance in collection, and a limitation of benefits to prevent treaty misuse. en-us Mon, 02 Jun 2008 23:34:00 +0530 Mon, 23 Jun 2008 09:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=456 A bilateral treaty establishes a framework to avoid double taxation and prevent fiscal evasion on income and capital, specifying covered domestic taxes and allocating taxing rights. It permits taxation of dividends, interest, royalties and fees for technical services in both residence and source States while capping source-State taxation where the beneficial owner resides in the other Contracting State. Capital gains on alienation of company shares are taxable in the State of the company's residence. Double taxation is relieved by crediting foreign taxes; the treaty provides for exchange of information, mutual assistance in collection, and a limitation of benefits to prevent treaty misuse. News - Mon, 02 Jun 2008 23:34:00 +0530 https://www.taxtmi.com/news?id=456