https://www.taxtmi.com/acts?id=37695 The Protocol to the India-Republic of Korea DTAA defines for Article 13 that shares ''principally of immovable property'' are those deriving more than 50% of their value from immovable property; and for Article 24 it confirms that India may tax profits of a Korean company's permanent establishment in India at a higher rate than for similar Indian companies, while Korea may impose an additional tax on an Indian resident company's permanent establishment in Korea not exceeding 15% of profits after deducting Korean income and other taxes. The Protocol is integral to the Agreement and establishes English as the prevailing text in case of divergence. en-us Thu, 19 Sep 2019 13:02:24 +0530 Mon, 16 Dec 2024 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37695 The Protocol to the India-Republic of Korea DTAA defines for Article 13 that shares ''principally of immovable property'' are those deriving more than 50% of their value from immovable property; and for Article 24 it confirms that India may tax profits of a Korean company's permanent establishment in India at a higher rate than for similar Indian companies, while Korea may impose an additional tax on an Indian resident company's permanent establishment in Korea not exceeding 15% of profits after deducting Korean income and other taxes. The Protocol is integral to the Agreement and establishes English as the prevailing text in case of divergence. Act-Rules DTAA Thu, 19 Sep 2019 13:02:24 +0530 https://www.taxtmi.com/acts?id=37695