Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Dtaa netherlnds

Akhil (Student CA ) (1005 Points)

25 July 2024

a person has salary frm both ind and netherlands .....he is resident in india....does ind and netherlnds hv any dtaa agreemnt....tax credit method or exemption method vch has to b followed...

Reply
Follow
Share

1 Replies

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5128 Points)
Replied 25 July 2024

*Double Taxation Avoidance Agreement (DTAA) Between India and Netherlands* The Double Taxation Avoidance Agreement (DTAA) between India and Netherlands aims to prevent double taxation of income earned by residents of one country in the other country ¹. The key highlights of the DTAA are: - *Applicability*: The DTAA applies to various taxes like dividends and income taxes ¹. - *Tax Credit and Exemption Mechanism*: The DTAA establishes a tax credit and exemption mechanism to prevent double taxation of income received ¹. - *Beneficial Owner*: A beneficial owner must be a company directly owning at least 10% of the company's capital distributing dividends ¹. - *Tax Rates*: The tax rates applicable as per DTAA India Netherlands are based on different types of income, including dividends, interest, royalties, and fees for technical services ¹. - *Withholding Tax*: Withholding tax is applicable to dividends, interest, royalties, and fees for technical services ¹. - *Capital Gains*: The DTAA also provides provisions for taxation of capital gains under Article 13 ¹. *Benefits of DTAA* - *Avoidance of Double Taxation*: The DTAA helps avoid double taxation of income earned by residents of one country in the other country ¹. - *Promotion of Trade*: The DTAA promotes trade between India and Netherlands by eliminating double taxes on income from Dutch organizations in India ¹. - *Sharing of Information*: The DTAA allows for the sharing of information between the two nations to reduce tax avoidance and evasion ¹. *Relevance of DTAA* - *Investment*: The DTAA is significant for investors, as it eliminates double taxes on income from Dutch organizations in India ¹. - *Taxation*: The DTAA is relevant for taxation purposes, as it provides provisions for taxation of capital gains and other types of income ¹.

Upgrade to CAclubindia Pro. Subscribe Now!

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Trending Online Classes

Certification Course on GST Invoice Management System (IMS)

CA Pratibha Goyal

Enroll Now

28 November 2024
Certificate course on Income Taxation of Indians in the US

Saniya Mushrif

Enroll Now

30 November 2024
Basics of UAE Corporate Tax and VAT(With Recording)

CA Mohd Asim

Enroll Now

07 December 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings