India and Fiji inkedd DTAA (Double Taxation Avoidance Agreement)

India and Fiji signed a Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income.
The DTAA signed in New Delhi by the Finance Minister P. Chidambaram and Fiji’s Minister of Justice, Public Enterprises, and Industry and Trade Aiyaz Sayed-Khaiyum. Mr. Sayed-Khaiyum also holds charges of Communications, Civil Aviation and Tourism. 

• It will provide tax stability to the residents of India and Fiji and facilitate mutual economic cooperation. The move will also stimulate the flow of investment, technology and services between both countries.

The agreement also incorporates provisions for an effective exchange of information and assistance in collection of taxes between tax authorities of the two countries including exchange of banking information.

Month: Current Affairs - February, 2014

Category: International / World Current Affairs