Government Notifies Tax Avoidance Protocol Between India and New Zealand

Posted on:09 Nov 2017 14:25:58
Government Notifies Tax Avoidance Protocol Between India and New Zealand
09 November 2017 Current Affairs: The Union Government notified the third protocol between India and New Zealand for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.

The protocol updates the existing framework of the exchange of tax-related information to a latest international standard which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.
The Union Government notified the third protocol between India and New Zealand for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.

The protocol updates the existing framework of the exchange of tax-related information to a latest international standard which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.

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