Tax Treaty

  • India in talks with a number of countries for new tax treaties July 15, 2014

    New Delhi: India on Tuesday said negotiations are going on for signing new Double Taxation Avoidance Agreements (DTAAs) with Hong Kong, Iran, Nigeria and three other nations. The three other countries are Azerbaijan, Chile and Venezuela, Finance Minister Arun Jaitley informed Rajya Sabha in in a written reply. Besides, negotiations are also...
  • Residency certificate not enough for tax treaty benefits February 28, 2013

    New Delhi: India said a tax residency certificate was necessary but no longer enough to claim benefits under double taxation avoidance agreements, according to the Finance Bill tabled in parliament on Thursday. The amendment is sparking fears that tax authorities would have wider discretion to go after foreign investors who...
  • India, Indonesia discuss South China Sea July 27, 2012

    New Delhi: India and Indonesia on Friday inked a treaty on avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and discussed strategic bilateral and regional issues, including South China Sea in the backdrop of increasing Chinese influence in the region. External Affairs Minister...
  • Ready to revise tax treaty with India: Mauritius July 6, 2012

    New Delhi: Mauritius on Friday expressed its readiness to expeditiously revise the tax treaty with India to check tax evasion but asserted that domestic laws should not have precedence over the provisions of the bilateral pact. "We want earlier resolution because we do not want uncertainty, as instability and uncertainty is...
  • Govt to discuss revised Sri Lanka tax treaty May 30, 2012

    New Delhi: The government is likely to discuss and approve on Thursday the revised tax information sharing treaty between India and Sri Lanka, in its aggressive bid to hunt black money stashed abroad. "The India-Sri Lanka Double Taxation Avoidance Agreement (DTAA) is listed for tommorow (Thursday). The approval is for revising...
  • Swiss bankers oppose another US tax treaty September 5, 2011

    Geneva: The Swiss Bankers Association lashed out on Monday at the possibility of another tax treaty with the United States aimed at handing over details of Americans suspected of using Swiss banks to cheat on their taxes. The trade group's chairman, Patrick Odier, urged the Swiss people and the government to...
  • Indo-Swiss tax treaty hits red tape January 9, 2011

    New Delhi: The revised tax treaty between India and Switzerland, to enable access to Swiss accounts of tax evaders, seems to have hit bureaucratic hurdle as the two governments are yet to notify each other on the required legal and procedural approvals. As per an agreement between the two countries, the...