OrbitaxThe Japanese Ministry of Finance announced on 31 October 2005 that Japan and India have agreed to revise their tax treaty Basically, both countries agreed to partially revise the existing treaty as follows:
|Treaty Development|Japan-India
| - | the maximum withholding tax rates on dividends, interests, royalties, and fees for technical services will be reduced to 10%; and | |
| - | the tax sparing credit provision will be abolished |
Further details, if any, will be reported subsequently.
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