IN WITNESS WHEREOF the undersigned, duly authorised by their respective Governments, have signed this Protocol.
Done in duplicate at New Delhi this 21 day of June 1999 in the Hindi and English languages, both texts being equally authentic. In case of divergence between the two texts, the English text shall be the operative one.
|Mr Adrian Simcock||Mr Ravi Kant|
|For the Government of New Zealand||For the Government of the Republic of India|
Clerk of the Executive Council.
This note is not part of the order, but is intended to indicate its general effect.
This order adds a Second Protocol to the 1986 New Zealand-lndia Double Tax Convention. The aim of the Second Protocol is to lower the maximum rate of tax on dividend, interest, royalty, and certain service income paid to non-residents, and to make certain technical clarifications to the 1986 New Zealand-lndia Double Tax Convention.
The Second Protocol applies to income derived on or after any income year beginning on or after 1 April in the calendar year next following the date on which it comes into force in accordance with Article 9 of the Second Protocol.