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India-Czech Rep

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India Publishes Synthesized Text of Tax Treaty with the Czech Republic as Impacted by BEPS MLI

India's Income Tax Department has published the synthesized text of the 1998 income and capital tax treaty with the Czech Republic as impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The synthesized text was prepared on the basis of the reservations and notifications submitted to the Depositary (the Secretary-General of the Organisation for Economic Co-operation and Development) by India on 25 June 2019 and by the Czech Republic on 13 May 2020. The authentic legal texts of the Agreement and the MLI take precedence and remain the legal texts applicable.

The MLI applies for the 1998 India-Czech Republic tax treaty as follows:

  • In India:
    • with respect to taxes withheld at source on amounts paid or credited to non-residents, where the event giving rise to such taxes occurs on or after 1 April 2021; and
    • with respect to all other taxes levied by India, for taxes levied with respect to taxable periods beginning on or after 1 April 2021;
  • In the Czech Republic:
    • with respect to taxes withheld at source on amounts paid or credited to non-residents, where the event giving rise to such taxes occurs on or after 1 January 2021; and
    • with respect to all other taxes levied by the Czech Republic, for taxes levied with respect to taxable periods beginning on or after 1 March 2021.

Click the following links for the synthesized text of the 1998 India-Czech Republic tax treaty as impacted by the MLI.

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