https://www.taxtmi.com/news?id=1238 The Protocol amends the DTAA to expand the Exchange of Information to permit foreseeable information exchange-including banking and ownership data-and to allow use for tax purposes (and other authorised uses); it applies prospectively. It introduces residence-based taxation for international shipping income, removes specified tax-sparing relief on interest, limits tax-rate divergence between residents and non-resident permanent establishments, includes recognised pension funds as residents, and adds a Limitation of Benefit clause to prevent treaty misuse on dividends, interest, royalties and similar income. en-us Tue, 31 Aug 2010 18:31:53 +0530 Tue, 31 Aug 2010 18:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1238 The Protocol amends the DTAA to expand the Exchange of Information to permit foreseeable information exchange-including banking and ownership data-and to allow use for tax purposes (and other authorised uses); it applies prospectively. It introduces residence-based taxation for international shipping income, removes specified tax-sparing relief on interest, limits tax-rate divergence between residents and non-resident permanent establishments, includes recognised pension funds as residents, and adds a Limitation of Benefit clause to prevent treaty misuse on dividends, interest, royalties and similar income. News - Tue, 31 Aug 2010 18:31:53 +0530 https://www.taxtmi.com/news?id=1238