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India and Armenia signed a protocol to amend Double Taxation Avoidance Convention

It amends the article on exchange of Information for tax purposes to bring it in line with the updated provisions in the Organisation for Economic Co-operation and Development (OECD) Model.

Jan 28, 2016 08:09 IST
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India and Armenia on 27 January 2016 signed a protocol to amend the India-Armenia Double Taxation Avoidance Convention.

Silent features of the Protocol

• It amends the convention between these countries that has been in existence since 9 September 2004.

• It amends the article on exchange of Information for tax purposes to bring it in line with the updated provisions in the Organisation for Economic Co-operation and Development (OECD) Model.

• It will enable the two countries to exchange information related to financial and banking transactions under the Double Taxation Avoidance Convention, and thereby facilitate them in addressing tax evasion.

• It is also expected to further strengthen the efforts of Union Government in curbing the generation of black money.

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एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

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