According to a joint statement published by India's Ministry of External Affairs, an amending protocol to the 1992 income and capital tax treaty with France was signed during an official visit by French President Emmanuel Macron on 17 February 2026. As previously reported, changes made by the protocol include:
- A reduction in the withholding tax rate from 10% to 5% on dividends where the beneficial owner holds at least 10% of the paying company's capital, along with an increase in the rate t…