Export of services
This query is : Resolved
07 December 2020
Hi All,
If there is export of services to Germany from Indian Company, what percentage of with- holding tax is applicable while transferring the amount from Germany to India?
Thanks in advance.
If there is export of services to Germany from Indian Company, what percentage of with- holding tax is applicable while transferring the amount from Germany to India?
Thanks in advance.
07 December 2020
The German Income Tax Act states that a tax of 15% on royalties has to be withheld by the licensee of a software licence if the licensor is a foreign entity with limited tax liability in Germany.
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07 December 2020
Hello Sir,
But its not a royalty. It is a payment by a recipient of service who is located in Germany to Indian company who is supplier of service.
But its not a royalty. It is a payment by a recipient of service who is located in Germany to Indian company who is supplier of service.
08 December 2020
What is the nature of services provided.
08 December 2020
Software support services fall under 15% witholding tax.
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10 December 2020
Threshold may not be applicable.
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