BEPS project Current Affairs, GK & News
Cabinet approves Double Taxation Avoidance Agreement between India-Chile
Union Cabinet has approved the signing of Double Taxation Avoidance Agreement (DTAA) and Protocol between Republic of India and Republic of Chile. This will help in elimination of double taxation as well as prevention of fiscal evasion and avoidance with respect to taxes on income. Major impact of DTAA Agreement and Protocol It will facilitate ..
Month: Current Affairs - November, 2019
Category: International / World Current Affairs
Topics: Base Erosion Profit Shifting • BEPS project • Cabinet Decision • double taxation avoidance agreements • Dtaa • G-20 • India-Chile • OECD
India ratifies OECD’s convention to check Tax Evasion
India has ratified Multilateral Convention to Implement Tax Treaty Related Measures (MLI) to prevent Base Erosion and Profit Shifting (BEPS). It will pave way for amendments to double taxation avoidance agreements (DTAA) with countries signatories to convention to plug revenue leakages. The provisions enshrined in framework will come into effect from fiscal year 2020-21 for ..
Month: Current Affairs - July, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Base Erosion and Profit Shifting • BEPS • BEPS project • Covered Tax Agreements • double taxation avoidance agreements • Dtaa • G20 • India-OECD • Multilateral Convention to Implement Tax Treaty Related Measures • OECD • Tax avoidance
Cabinet approves revision of DTAA between India and Qatar
The Union Cabinet has given its approval for revision existing Double Taxation Avoidance Agreement (DTAA) between India and Qatar. The purpose of revision is for avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income. The existing DTAA between India and Qatar was signed in April 1999 and came ..
Month: Current Affairs - March, 2018
Topics: BEPS project • Cabinet Decisions • Dtaa • India-Qatar • Limitation of Benefits • National • Taxation • Treaty Shopping
India-Iran: Cabinet approves Agreement for Avoidance of Double Taxation
The Union Cabinet has approved Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income between India and Iran. The Agreement is on similar lines as entered into by India with other countries. Key Facts The agreement will stimulate flow of investment, technology and personnel from India to ..
Month: Current Affairs - March, 2018
Topics: Avoidance of Double Taxation • BEPS project • Cabinet Decisions • Dtaa • India-Iran • National • Taxation
Union Cabinet approves Protocol amending DTAA between India, China
The Union Cabinet has approved signing and ratification of protocol amending Double Taxation Avoidance Agreement (DTAA) between India and China. The DTAA aims for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and update the provisions on exchange of information of the DTAA to the latest international standards. Key ..
Month: Current Affairs - February, 2018
Topics: BEPS • BEPS project • Cabinet Decisions • Dtaa • India China • National • Taxation