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What is the interest withholding rate between India and Saudi Arabia?
Under the India-Saudi Arabia tax treaty, the withholding rate on interest is 10%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 10% rate compares to a median of 10% across India's 48 active treaty partners, and 5% across Saudi Arabia's 23 active partners.
Network Comparison
India
Rank 31 of 48 active treaties (lowest rate = #1)
Lower rates with: Portugal (10%), Romania (10%), Russia (10%)
Higher rates with: Sweden (10%), Slovak Republic (10%), Vietnam (10%)
Saudi Arabia
Rank 22 of 23 active treaties (lowest rate = #1)
Lower rates with: Singapore (5%), United States (5%), South Africa (5%)
Higher rates with: Turkey (10%)
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.