Why domestic withholding tax rates on royalties and fees for technical services were increased

An increase in the rate of withholding tax on such payments to non-residents brings it on par with the base rate of tax prescribed in domestic law for various payments to non-residents such as dividends or share buybacks

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​ An increase in the rate of withholding tax on such payments to non-residents brings it on par with the base rate of tax prescribed in domestic law for various payments to non-residents such as dividends or share buybacks An increase in the rate of withholding tax on such payments to non-residents brings it on par with the base rate of tax prescribed in domestic law for various payments to non-residents such as dividends or share buybacks  Moneycontrol Latest News Read More