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DTAA

Countries with which India has Double Tax Avoidance Agreement (DTAA)

ANNEXURE-1

WITHHOLDING TAX RATES APPLICABLE ON INTEREST ON DEPOSITS IN CONNECTION WITH INDIA’S TAX TREATIES WITH VARIOUS COUNTRIES:

S.No.

Name of the Country TDS Rate
(%)

S.No.

Name of the Country TDS
Rate
(%)

1

ARMENIA 10

41

MOZAMBIQUE 10

2

AUSTRALIA 15

42

MYANMAR 10

3

AUSTRIA 10

43

NAMIBIA 10

4

BANGLADESH 10

44

NEPAL 10

5

BELARUS 10

45

NETHERLANDS 10

6

BELGIUM 15

46

NEW ZEALAND 10

7

BRAZIL 15

47

NORWAY 15

8

BULGARIA 15

48

OMAN 10

9

BOSTWANA 10

49

PHILIPPINES 15

10

CANADA 15

50

POLAND 15

11

CHINA 10

51

PORTUGESE REPUBLIC 10

12

CYPRUS 10

52

QATAR 10

13

CZECH REPUBLIC 10

53

ROMANIA 15

14

DENMARK 15

54

RUSSIA 10

15

ESTONIA 10

55

SAUDI ARABIA 10

16

ETHIOPIA 10

56

SERBIA 10

17

FINLAND 10

57

SINGAPORE 15

18

FRANCE 10

58

SLOVENIA 10

19

GERMANY 10

59

SOUTH AFRICA 10

20

GEORGIA 10

60

SPAIN 15

21

HUNGARY 10

61

SRI LANKA 10

22

ICELAND 10

62

SUDAN 10

23

INDONESIA 10

63

SWEDEN 10

24

IRELAND 10

64

SWTIZERLAND 10

25

ISRAEL 10

65

SYRIA 10

26

ITALY 15

66

TANZANIA 10

27

JAPAN 10

67

TAJIKISTAN 10

28

JORDAN 10

68

THAILAND 25

29

KAZAKHSTAN 10

69

TRINIDAD AND TOBAGO 10

30

KENYA 15

70

TURKEY 15

31

KOREA 15

71

TURKMENISTAN 10

32

KUWAIT 10

72

UGANDA 10

33

KRYGYZ REPUBLIC 10

73

UKRAINE 10

34

LITHUANIA 10

74

UNITED ARAB EMIRATES 12.5

35

LUXEMBOURG 10

75

UNITED MEXICAN STATES 10

36

MALAYSIA 10

76

UNITED KINGDOM 15

37

MALTA 10

77

UNITED STATES 15

38

MONGOLIA 15

78

UZBEKISTAN 10

39

MONTENEGRO 10

79

VIETNAM 10

40

MOROCCO 10

80

ZAMBIA 10






* Domestic Rate
The The Finance Act states that the education cess is an additional surcharge.  The Bank should not apply the education cess on the above rates (except for domestic rate) because as per the above treaties the terms ‘taxes’ are defined to include surcharge also. 

 

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