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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
(%)
S.No. Name of the Country TDS
Rate
(%)
1 ALBANIA 10 33 ISRAEL 10 64 QATAR 10
2 ARMENIA 10 34 ITALY 15 65 ROMANIA 10
3 AUSTRALIA 15 35 JAPAN 10 66 RUSSIA 10
4 AUSTRIA 10 36 JORDAN 10 67 SAUDI ARABIA 10
5 BANGLADESH 10 37 KAZAKHSTAN 10 68 SINGAPORE 15
6 BELARUS 10 38 KENYA 15 69 SLOVENIA 10
7 BELGIUM 15 39 KOREA(ROK) 15 70 SERBIA 10
8 BHUTAN 10 40 KUWAIT 10 71 SOUTH AFRICA 10
9 BOTSWANA 10 41 KYRGYZSTAN 10 72 SPAIN 15
10 BRAZIL 15 42 LATVIA 10 73 SRI LANKA 10
11 BULGARIA 15 43 LIBYA 30 74 SUDAN 10
12 CANADA 15 44 LITHUANIA 10 75 SWEDEN 10
13 CHINA 10 45 LUXEMBOURG 10 76 SWITZERLAND 10
14 COLUMBIA 10 46 MALAYSIA 10 77 SYRIA 10
15 CROATIA 10 47 MALTA 10 78 TANZANIA 10
16 CYPRUS 10 48 MAURITIUS 10 79 THAILAND 10
17 CZECH REPUB 10 49 MONGOLIA 15 80 TRINIDAD & TOBAGO 10
18 DENMARK 15 50 MONTENEGRO 10 81 TAJIKISTAN 10
19 EGYPT 30 51 MOROCCO 10 82 TURKEY 15
20 ESTONIA 10 52 MOZAMBIQUE 10 83 TURKMENISTAN 10
21 ETHIOPIA 10 53 MYANMAR 10 84 UGANDA 10
22 FIJI 10 54 MACCDONIA 10 85 UKRAINE 10
23 FINLAND 10 55 NAMIBIA 10 86 UAE 12.5
24 FRANCE 10 56 NEPAL 10 87 UK 15
25 GERMANY 10 57 NETHERLANDS 10 88 US 15
26 GEORGIA 10 58 NEW ZEALAND 10 89 UNITED MEXICAN ST 10
27 GREECE 30 59 NORWAY 10 90 URUGUAY 10
28 HUNGARY 10 60 OMAN 10 91 UZBEKISTAN 10
29 HONG KONG 10 61 PHILIPPINES 15 92 VIETNAM 10
30 ICELAND 10 62 POLAND 10 93 ZAMBIA 10
31 INDONESIA 10 63 PORTUGAL 10
32 IRELAND 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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