India & Austria Signs Protocol to Amend Bilateral Taxation Treaty

Posted on:10 Feb 2017 09:31:53
India & Austria Signs Protocol to Amend Bilateral Taxation Treaty
10 February 2017 Current Affairs: India and Austria signed a protocol to amend the existing bilateral taxation treaty for Avoidance of Double Taxation and the Prevention of Fiscal Evasion.

The protocol was signed between Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra on behalf of India and Embassy of Austria Charge d’ Affaires Georg Zehetner on  Austria behalf of Austria.

The protocol will broaden the scope of the existing framework of exchange of tax related information. 

This will help to curb tax evasion and tax avoidance between the two nations as well as enable mutual assistance in relation to collecting taxes.

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