This content is from: India

Verizon’s royalty ruling at Madras High Court could open Pandora’s Box

A ruling from the Madras High Court in India, in a case involving Verizon Communications Singapore, could have far-reaching implications after the court confirmed that payments made by Indian customers to Verizon for providing bandwidth/telecom services is taxable as royalty income both under Indian Tax Law and under the India-Singapore tax treaty.

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