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% (7.5% 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%

Important Related Links

• Revised Form 15CA Format
• Revised Form 15CB Format
• NOTIFICATION 67/2013 [SO 2659(E)] : Income-tax (Fourteenth Amendment) Rules, 2013 – Substitution of Rule 37BB and Form Nos. 15CA and 15CB Dated : 02-09-2013
• CBDT-Substitution of Rule 37BB and Form 15CA-15CB: Dated: 05-08-2013
• Income Tax Circular on Form 15CA and CB
• Procedure for furnishing information in Form 15CA and Form 15CB
• Form 15CA (Online Filling)
• Form 15CB (Format for Certificate)
• Online payment of  TDS of Withholding Tax under Challan 281 (nature of payment 195)
• Form No. 27Q : Format used to file return of withholding tax on quarterly basis
• India Mauritius Double Taxation Avoidance Agreement (DTAA)
• Country-wise Double Taxation Summary Chart
• Countrywise DDTA Agreements Copy
• Form A2
• Section 195
• Section 115A
• Section 194LC