India Notifies Amended Tax Treaty With Singapore

Posted on:24 Mar 2017 09:32:15
India Notifies Amended Tax Treaty With Singapore
24 March 2017 Current Affairs: The Government of India has officially notified the third Protocol amending India Singapore Double Taxation Avoidance Agreement (DTAA) on March 23, 2017.

The third DTAA will come into force from April 1, 2017. 

The India Singapore DTAA will provide source based taxation of capital gains arising on sale of shares in a company. 

This will curb revenue loss, prevent double non taxation and streamline the flow of investments. 

It would facilitate relieving of economic double taxation in transfer pricing cases.

Capital gains on shares during the period 1st April, 2017 to 31st March, 2019 will be taxed in source country at half of normal tax rate.

 It also inserts Article 9(2) in the DTAA which would facilitate relieving of economic double taxation in transfer pricing cases. 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 July

18 JULY
NEWS
17 JULY
NEWS
16 JULY
NEWS
15 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS