France and India have reportedly agreed on revisions to be included in an amending protocol to the 1992 income and capital tax treaty between the two countries. Some of the key revisions 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 to 15% where the holding condition is not met;
- The removal of the 10% participation condition for the taxation of gain…