Dtaa Current Affairs, GK & News
DTAA
In February 2011, India and Norway have signed an agreement for the avoidance of double taxation and fiscal evasion with respect to taxes on income and on capital (DTAA). This will replace the existing Convention signed between the two countries on the same subject on December 31, 1986. The revised agreement will bring out greater ..
Cabinet Approves amendment of Double Taxation Avoidance Agreement with Sri Lanka
On February 12, 2020 the Union Cabinet approved the protocol to amend the DTAA (Double Taxation Avoidance Agreement) that was signed between India and Sri Lanka. The DTAA with respect to prevention of fiscal evasion is to be amended. Highlights Under the amendment, an anti-abuse provision is to be included. Also, the amendment will include ..
Month: Current Affairs - February, 2020
Category: International Current Affairs
Topics: cabinet approval • Dtaa • India-Sri Lanka • Mahinda Rajapaksa • PM Modi • Tax avoidance • Union Cabinet Decisions
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 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
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
India and China sign protocol to Double Taxation Avoidance Agreement to prevent tax evasion
India and China have signed protocol to amend Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income by allowing exchange of information. Under Section 90 of Income-tax Act, 1961, India can enter into agreement with foreign country or specified territory for ..
Month: Current Affairs - November, 2018
Topics: Base Erosion and Profit Shifting • BEPS • Corporate tax avoidance • Double taxation • Double Taxation Avoidance • Dtaa • Economy • Foreign direct investment • India China • International taxation • Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting • National • Tax • Tax avoidance • Tax Evasion • Taxation in the United States • World economy
CBDT notifies Protocol amending DTAA between India and Kuwait
The Central Board of Direct Taxes (CBDT) has notified protocol to amend existing Double Taxation Avoidance Agreement (DTAA) between India and Kuwait. The DTAA between both countries was signed in June 2006 for the avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income. Key Facts The said protocol ..
Month: Current Affairs - May, 2018
Topics: CBDT • Dtaa • India-Kuwait • National • Taxation