Finance
EnglishIndia and France Revamp Tax Treaty: Dividend Tax Changes!
India has made a big change to its tax treaty with France! On Monday, the finance ministry announced that they have removed the most-favoured-nation clause. Now, dividend taxes are getting a makeover too! If you own at least 10 percent of a company, you only pay 5 percent tax. Everyone else pays 15 percent. This deal is all about making things easier for investors!
few days ago | Reuters
Quick rundown
1.India and France revise their tax treaty.
2.Most-favoured-nation clause removed from the treaty.
3.Dividend income tax now has a split structure.
4.Shareholders with 10% capital pay 5% tax on dividends.
5.New tax treaty aims to halve dividend taxes for French parents.
