https://www.taxtmi.com/acts?id=46342 Dividends paid by a resident company may be taxed in the recipient's State, but the source State may also tax them subject to withholding limits when the recipient is the beneficial owner; reduced rates apply for qualifying corporate shareholders and a higher rate for other beneficial owners, with competent authorities to settle application. The Article defines dividends to include income from shares and similar profit-participating rights, and excludes the withholding limitations where the beneficial owner's holding is effectively connected with a permanent establishment or fixed base, in which case rules for business profits or independent personal services apply. en-us Wed, 18 Dec 2024 12:48:03 +0530 Wed, 18 Dec 2024 12:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46342 Dividends paid by a resident company may be taxed in the recipient's State, but the source State may also tax them subject to withholding limits when the recipient is the beneficial owner; reduced rates apply for qualifying corporate shareholders and a higher rate for other beneficial owners, with competent authorities to settle application. The Article defines dividends to include income from shares and similar profit-participating rights, and excludes the withholding limitations where the beneficial owner's holding is effectively connected with a permanent establishment or fixed base, in which case rules for business profits or independent personal services apply. Act-Rules DTAA Wed, 18 Dec 2024 12:48:03 +0530 https://www.taxtmi.com/acts?id=46342