Treaty between India and Norway – withholding tax rates reduced

The Indian government issued Notification No. 368/2006 dated 15 December 2006 on the amendment of the Income and Capital Tax Treaty dated 31 December 1986 betweenIndia-Norway. The amendment, which has been done pursuant to the Most Favoured Nations (MFN) clause contained in Article 13(2) of the Tax Treaty, has reduced the withholding tax rate on Royalties and Fees for Technical Services from 20% to 10%. This amendment took effect in India from 1 April 2006 and from 1 January 200…