Country-wise Double Taxation Summary Chart on Interest

Below Country-wise double taxation summary chart provides Tax rate and Article reference number applicable on interest payments to beneficiary outside India. Same will be useful at the time of filling up Form 15CA and Form 15CB

Notes:

  • To use DTAA rates, beneficiary should have an Indian PAN Card
  • As per DTAA, rate of TDS should not exceed tax rate given in DTAA; which means, where rate as per DTAA is applicable, Surcharge and Education Cess shall not apply.
SR. NO. COUNTRY OF RESIDENCE OF RECEIPIENT OF REMITTANCE ARTICLE REFERENCE APPLICABLE TDS RATES
1 Armenia Clause 2 of Article 11 10%
2 Australia Clause 2 of Article XI 15%
3 Austria Clause 2 of Article 11 10%
4 Bangladesh Clause 2 of Article XII 10%
5 Belarus Clause 2 of Article 11 10%
6 Belgium Clause 2 (a) of Article 11 15% (10% if any loan granted by bank)
7 Botswana Clause 2 of Article 11 10%
8 Brazil Clause 2 of Article 11 15%
9 Bulgaria Clause 2 of Article 12 15%
10 Canada Clause 2 of Article 11 15%
11 China Clause 2 of Article 11 10%
12 Czech Republic Clause 2 of Article 11 10%
13 Cyprus Clause 2 of Article 11 10%
14 Denmark Clause 2 (a) of Article 12 15% (10% if any loan granted by bank)
15 Finland Clause 2 of Article 11 10%
16 France / French Republic Clause 2 of Article 12 10%
17 Georgia Clause 2 of Article 11 10%
18 Germany Clause 2 of Article 11 10%
19 Greece Article IX 20%(plus surchage)
20 Hashemite Kingdom of Jordan Clause 2 of Article 11 10%
21 Hungary Clause 2 of Article 11 10%
22 Iceland Clause 2 of Article 11 10%
23 Indonesia Clause 2 of Article 11 10%
24 Ireland Clause 2 of Article 11 10%
25 Israel Clause 2 of Article 11 10%
26 Italy Clause 2 of Article 12 15%
27 Japan Clause 2 of Article 11 10%
28 Jordan Clause 2 of Article 11 10%
29 Kazakstan Clause 2 of Article 11 10%
30 Kenya Clause 2 of Article 12 15%
31 Korea (South) Clause 3 (a) of Article12 15% (10% if any loan granted by bank)
32 Kuwait Clause 2 of Article 11 10%
33 Kyrgyz Republic Clause 2 of Article 11 10%
34 Libyan Arab Jamahiriya Article 10 20%(plus surchage)
35 Luxembourg Clause 2 of Article 11 10%
36 Malaysia Clause 2 of Article 11 10%
37 Malta Clause 2 of Article 11 10%
38 Mauritius Clause 3 (c) of Article 11 20% (Nil in case of bank carrying on a bonafide banking business)
39 Mongolia Clause 2 of Article 11 15%
40 Montenegro Clause 2 of Article 11 10%
41 Morocco Clause 2 of Article 11 10%
42 Mozambique Clause 2 of Article 11 10%
43 Myanmar Clause 2 of Article 11 10%
44 Namibia Clause 2 of Article 11 10%
45 Nepal Clause 2 of Article 11 15%(10% if any loan granted by bank)
46 Netherlands Clause 2 of Article 11 10%
47 New Zealand Clause 2 of Article 11 10%
48 Norway Clause 2 of Article 12 15%
49 Oman Clause 2 of Article 12 10%
50 Philippines Clause 2 (a)of Article 12 15% (10% if interest is received by financial institution or insurance company)
51 Poland Clause 2 of Article 12 15%
52 Portugal / Portuguese Republic Clause 2 of Article 11 10%
53 Qatar Clause 2 of Article 11 10%
54 Romania Clause 2 of Article 12 15%
55 Russian Federation/ Russia Clause 2 of Article 11 10%
56 Saudi Arabia / Kingdom of Saudi Arabia Clause 2 of Article 11 10% (Income from debt-claims)
57 Serbia Clause 2 of Article 11 10%
58 Singapore Clause 2 (a) of Article 11 15%(10% if any loan granted by bank)
59 Slovenia Clause 2 of Article 11 10%
60 South Africa Clause 2 of Article 11 10%
61 Spain Clause 2 of Article 12 15%
62 Sri lanka Clause 2 of Article 11 10%
63 Sudan Clause 2 of Article 11 10%
64 Sweden Clause 2 of Article 11 10%
65 Switzerland / Swiss Confederation Clause 2 of Article 11 10%
66 Syria Clause 2 of Article 12 7.5%
67 Syrian Arab Republic Clause 2 of Article 11 10%
68 Tanzania Clause 2 of Article 12 12.50%
69 Tajikistan Clause 2 of Article 11 10%
70 Thailand Clause 2 (a) of Article 11 25% (10% if any loan granted by bank)
71 Trinidad and Tobago Clause 2 of Article 11 10%
72 Turkey Clause 2 (a) of Article 11 15% (10% if any loan granted by bank)
73 Turkmenistan Clause 2 of Article 11 10%
74 U.A.E Clause 2 (a) of Article 11 12.5% (5% if any loan granted by bank)
75 UAR (Egypt) Clause 1 of Article XII 20% (plus surchage)
76 United Kingdom Clause 3 (a) of Article12 15% (10% if any loan granted by bank)
77 United Mexican States (Mexico) Clause 2 of Article 11 10%
78 Uganda Clause 2 of Article 11 10%
79 Ukraine Clause 2 of Article 11 10%
80 USA Clause 2 (a) of Article 11 15% (10% if any loan granted by bank)
81 Uzbekistan Clause 2 of Article 11 15%
82 Vietnam Clause 2 of Article 11 10%
83 Zambia Clause 2 of Article 11 10%

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