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Union Cabinet gives nod to amendments to tax avoidance pacts with Israel, Vietnam

Union Cabinet has approved the Protocol amending the Double Taxation Avoidance Convention (DTAC) India-Israel and Double Taxation Avoidance Convention (DTAC) between India-Vietnam and. Decision in this regard was taken by the Union Cabinet meeting chaired by the Prime Minister Narendra Modi in New Delhi. These agreements seek for the avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income.

The Protocol provides

International standards for effective bilateral exchange of information on tax matters including bank information and information without domestic tax interest. Read More