Can any one tell me the applicable tax rate for a foreign company??
2 Replies
Harpreet
(* * * * * *)
(1670 Points)
Replied 19 July 2010
Foreign Corporate Income Tax Rates |
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Withholding Tax Rate for non-treaty foreign companies |
Withholding Tax Rates for the USA Companies Doing Business in India under the India USA Tax Treaty |
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| Dividends | 20% | 15% 1 |
| Interest Income | 20% | 15% 2 |
| Royalties | 30% | 20% 2 |
| Technical Services | 30% | 20% 2 |
| Other income | 55% | 55% |
1. Inter-corporate rates where there is minimum holding. There tax rates are applicable under the India USA Tax Treaty. For other countries the tax rates are different under the tax treaties between India and other countries, including Australia, Austria, Bangladesh, Belgium, Brazil, Belarus, Bulgaria, Canada, China, Cyprus, Czechoslovakia, Denmark, Finland, France, Germany, Greece, Hungary, Indonesia, Israel, Italy, Japan, Jordan, Kazakhstan, Kenya, Libya, Malta, Malaysia, Mauritius, Mongolia, Namibia, Nepal, Netherlands, New Zealand, Norway, Oman, Philippines, Poland , Qatar , Romania, Singapore, South Africa , South Korea , Spain , Sri Lanka , Sweden, Switzerland, Syria, Tanzania, Thailand, Trinidad & Tobago, Turkmenistan, Turkey , U.A.E. , U.A.R., U.K., U.S.A., Russian Federation, Uzbekistan, Vietnam and Zambia
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