India, Belgium signed Protocol amending Double Taxation Avoidance Agreement and Protocol

Posted on:10 Mar 2017 15:10:18
India, Belgium signed Protocol amending Double Taxation Avoidance Agreement and Protocol
10 March 2017 Current Affairs: India and Belgium on 9 March 2017 signed a protocol that amends the existing agreement and protocol between the two countries for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. The protocol was signed in New Delhi.The signed protocol will help the Union Government in its fight against the black money that is stashed in the offshore accounts. Fight against the black money has been a key priority area of the Union Government led by Prime Minister Narendra Modi.

India, Kazakhstan signed protocol to amend Double Taxation Avoidance Convention

Key Highlights of the Protocol:It broadens the scope of the existing framework for the exchange of tax-related information.It will help the government to curb tax evasion and tax avoidance between the two nations.It will also enable mutual assistance in collection of taxes.

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