https://www.taxtmi.com/acts?id=51325 Article 12 provides that royalties arising in a Contracting State and beneficially owned by a resident of the other Contracting State are taxable only in the resident State; it defines royalties to cover payments for use of copyrights, patents, trademarks, designs, secret formulas, processes and technical information. The paragraph excludes royalties effectively connected with a permanent establishment in the source State, in which case business profits rules apply, and limits treaty relief to arm's length amounts where special relationships inflate payments, leaving any excess taxable under domestic law. en-us Wed, 21 May 2025 13:24:10 +0530 Thu, 22 May 2025 12:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51325 Article 12 provides that royalties arising in a Contracting State and beneficially owned by a resident of the other Contracting State are taxable only in the resident State; it defines royalties to cover payments for use of copyrights, patents, trademarks, designs, secret formulas, processes and technical information. The paragraph excludes royalties effectively connected with a permanent establishment in the source State, in which case business profits rules apply, and limits treaty relief to arm's length amounts where special relationships inflate payments, leaving any excess taxable under domestic law. Act-Rules DTAA Wed, 21 May 2025 13:24:10 +0530 https://www.taxtmi.com/acts?id=51325