Tax alert: Lower tax rate of 10% notified for royalties, FTS under India-Spain tax treaty has been saved
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Tax alert: Lower tax rate of 10% notified for royalties, FTS under India-Spain tax treaty
20 March 2024
The government has issued Notification No. 33/2024, dated 19 March 2024, notifying a lower tax rate of 10% for taxation of royalties and fees for technical services (FTS) under Article 13(2) of the India-Spain tax treaty.
