🇮🇳↔🇵ðŸ‡
What is the interest withholding rate between India and Philippines?
Under the India-Philippines tax treaty, the withholding rate on interest is 15%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 15% rate compares to a median of 10% across India's 48 active treaty partners, and 10% across Philippines's 28 active partners.
Network Comparison
India
Rank 44 of 48 active treaties (lowest rate = #1)
Lower rates with: Spain (15%), United Kingdom (15%), Italy (15%)
Higher rates with: Singapore (15%), Turkey (15%), United States (15%)
Philippines
Rank 22 of 28 active treaties (lowest rate = #1)
Lower rates with: France (15%), United Kingdom (15%), Indonesia (15%)
Higher rates with: Malaysia (15%), New Zealand (15%), Singapore (15%)
Important: Treaty rates require proper claim forms (e.g., IRS Form W-8BEN for U.S. treaties, HMRC DT-Individual for U.K. treaties, CRA Form NR301 for Canadian treaties) filed before payment. Limitation on Benefits (LOB) provisions may restrict eligibility. A 0% withholding rate does not mean no tax — the residence country may still tax the income. This is not tax advice.