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Dtaa netherlnds

Akhil (Student CA ) (980 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...

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3503 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.

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