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Union Cabinet approves agreement between India and Tajikistan for avoidance of double taxation

Dec 15, 2016 13:04 IST

Union Cabinet on 14 December 2016 approved the protocol for amending the agreement between India and Tajikistan for avoidance of double taxation.

Moreover, the agreement also aims at the prevention of fiscal evasion with respect to taxes on income.

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Once the protocol enters into force, it will enable sharing of information, that is exchanged under Double Taxation Avoidance Agreement (DTAA), with other law enforcement agencies for non tax purposes.

India-Tajikistan Relations
• The bilateral relations between India and Tajikistan have usually been close and cordial. These ties have been strengthened from time to time through high level visits between the two countries.
• In September 2009, President Pratibha Patil paid a visit to Tajikistan and in September 2015,  External Affairs Minister Sushma Swaraj visited Tajikistan for the Council of Heads of Shanghai Cooperation Organization (SCO) Summit in Dushanbe.
• From the Tajikistan side, President Rahmon visited India in September 2012 for the fifth time after making the visits in 1995, 1999, 2001 and 2006 and Foreign Minister Sirodjidin Aslov visited India in May 2015.
• Recently, the relations were further strengthened with the visit of Prime Minister Narendra Modi to Tajikistan in July 2015.

 

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Read more Current Affairs on: Union Cabinet , agreement , India and Tajikistan , avoidance , double taxation , DTAA

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