Page-4 of International taxation
India, Indonesia ink DTAA
In order to prevent double taxation and fiscal evasion, India and Indonesia signed double taxation avoidance agreement (DTAA). The relationship b/w both countries is excellent and has strong historical and cultural ties. Both countries hope to achieve the trade target ..
Month: Current Affairs - July, 2012
Advance Pricing Agreement Scheme gets clearance of FM
Finance ministry approved the Advance Pricing Agreement (APA) scheme, related to transfer pricing regulations. The APA scheme, proposed in Budget 2012-13, is being considered as one of the major industry-friendly initiatives. The finance ministry’s green signal to the provisions devised ..
Month: Current Affairs - July, 2012
Category: Government Schemes Current Affairs
India Bahrain ink accord to prevent tax evasion
India inked an agreement with Bahrain to tackle issues related to tax evasion and avoidance. The Agreement for Exchange of Information with respect to taxes usurps worth viewing Indian government’s attempts to chase black money.
Month: Current Affairs - June, 2012
DTAC modifications between India & the Netherlands
DTAC: Double Taxation Avoidance Convention Both India and the Netherlands have concluded a Protocol to amend the Article 26 of the DTAC concerning exchange of information to bring it in line with international standards. What does this article 26 of ..
Month: Current Affairs - May, 2012
India, Malaysia ink DTAA to boost trade
India and Malaysia inked a DTAA (Double Taxation Avoidance Agreement) to encourage bilateral trade and alleviating exchange of tax information. The objective of the agreement is to evade incidence of double taxation on income by determining the taxing rights b/w ..
Month: Current Affairs - May, 2012
Multilateral Convention relating to Tax Matters inked by India
· Indian finalized a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. This device as yet was available only for the members of Council of Europe and OECD , but was amended in 2010 and thrown open to all ..