The Protocol amending the India-Italy tax treaty of 19 February 1993 was signed on 13 January 2006. The amendments to the tax treaty are as follows:
the withholding tax rate(s) for (i) dividends are reduced to 10% (currently, 15% or 25%), (ii) interest is reduced to 10% (currently, 15%), (iii) royalties is reduced to 10% (currently, 15%), and (iv) technical service fees is reduced to 10% (currently, 15%);
the rendering of services by employees or other personnel will now constitute a permanent establishment if the activities continue for more than 6 months in any 12-month period. Also, an insurance enterprise will be deemed to have a permanent establishment if it collects premium and insures risk in the other contracting state; and
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