Latest Treaty Updates: India
Treaty Update: Netherlands - India
16/5/2012
India and the Netherlands signed a Protocol on May 10, 2012, to add tax information exchange provisions to the two countries' existing DTA.
Treaty Update: India - Malaysia
11/5/2012
India and Malaysia signed a DTA on May 9, 2012, .
Treaty Update: Estonia - India
7/5/2012
Estonia's parliament approved a law on May 2, 2012, that would ratify the pending DTA between Estonia and India.
Treaty Update: India - Switzerland
1/5/2012
India and Switzerland signed a Protocol to amend their DTA on April 20, 2012, the Indian government announced on April 30, 2012. The agreement contains terms on the exchange of information for tax matters.
Treaty Update: Estonia - India
19/4/2012
According to preliminary media reports, Estonia's parliament on April 2, 2012, approved a law that would ratify the DTA and accompanying Protocol signed between Estonia and India.
Treaty Update: United Arab Emirates - India
18/4/2012
According to the Indian government, India and the United Arab Emirates signed a DTA on April 16, 2012.
Treaty Update: India - Taiwan
6/4/2012
The DTA between Taiwan and India, which entered into force on August 12, 2012, and is effective for Taiwanese income from January 1, 2012, became effective for taxes due in India from April 1, 2012.
Treaty Update: Macedonia - India
8/3/2012
On March 5, 2012, India and Macedonia commenced negotiations towards a bilateral DTA.
Treaty Update: India - Norway
6/3/2012
According to preliminary media reports, the DTA signed between Norway and India on February 2, 2011, will become effective for taxes liable in India from April 1, 2012. The agreement has been effective in Norway, since January 1, 2012.
Treaty Update: Saint Kitts and Nevis - India
10/2/2012
It was announced on February 1, 2012, that the St Kitts and Nevis Cabinet has approved a draft TIEA with India.
Treaty Update: India - Thailand
3/2/2012
Indian Prime Minister Manmohan Singh revealed on January 25 that India and Thailand have signed a revised a DTA.
Treaty Update: India - Macau
27/1/2012
India and Macau signed a TIEA on January 1, 2012, an official at the Indian government confirmed on January 25, 2012.
Treaty Update: India - Georgia
17/1/2012
India has ratified the pending DTA between India and Georgia, publishing the document in the country's Official Gazette on January 6, 2012.
Treaty Update: India - Various
3/1/2012
The Indian government on December 27, 2011, notified authorities in the Cayman Islands and Switzerland that it had completed its individual ratification procedures, to permit the entry into force of a DTA with the Cayman Islands and a Protocol amending the DTA it shares with Switzerland.
Treaty Update: Australia - India
20/12/2011
The governments of India and Australia signed a protocol adding information exchange provisions to their existing bilateral DTA on December 16, 2011.
Treaty Update: India - Australia
19/12/2011
The Indian Ministry of Finance has announced that an amending protocol adding information exchange provisions to the DTA between India and Australia was signed on December 16, 2011.
Treaty Update: Nepal - India
29/11/2011
Nepal and India signed a long-awaited protocol to their existing DTA on November 27, 2011. The Protocol adds exchange of information provisions to the DTA.
Treaty Update: Norway - India
16/11/2011
According to preliminary media reports, Norweigian authorities on November 10, 2011, ratified the pending DTA signed between Norway and India on February 2, 2011.
Treaty Update: Fiji - India
14/11/2011
The Fijian Ministry of Information has confirmed that the second round of negotiations for a DTA between Fiji and India were concluded on October 20, 2011.
Treaty Update: Jersey - India
14/11/2011
According to the government of Jersey, a TIEA between Jersey and India was signed on November 3.
Treaty Update: Switzerland - India
11/10/2011
The Swiss Federal Council has confirmed that the revised DTA between India and Switzerland to provide for tax information exchange upon request entered into force on October 10, 2011.
Treaty Update: Liberia - India
7/10/2011
According to preliminary media reports, a TIEA between Liberia and India was signed on October 3, 2011.
Treaty Update: Estonia - India
22/9/2011
A DTA was signed between Estonia and India on September 19, 2011, by Indian Communications and Information Technology Minister, Kapil Sibal, and Estonian Minister of Finance, Jurgen Ligi, in Talinn, Estonia.
Treaty Update: India - Uruguay
12/9/2011
According to the Indian government, a DTA between India and Uruguay was signed in September 8.
Treaty Update: Fiji - India
6/9/2011
According to preliminary media reports, officials from Fiji and India commenced the first round of talks towards the conclusion of a DTA on August 29, 2011.
Treaty Update: India - Singapore
6/9/2011
The second Protocol to DTA between India and Singapore, which revises the agreement to include tax information sharing provisions, entered into force on September 1, 2011.
Treaty Update: Singapore - India
1/9/2011
According to Singapore's Inland Revenue Authority, a protocol to the DTA with India will come into force on September 1, 2011. The protocol incorporates the internationally agreed standard for the exchange of information into the existing DTA.
Treaty Update: India - Georgia
25/8/2011
A DTA between India and Georgia was signed on August 24, according to an announcement by the Indian Ministry of Finance.
Treaty Update: Taiwan - India
19/8/2011
The DTA between Taiwan and India entered into force on August 12, 2011. It will become effective in Taiwan from January 1, 2012 and in India from April 1, 2012.
Treaty Update: India - Azerbaijan
19/8/2011
The government of Azerbaijan announced on August 12 the commencement of negotiations towards the conclusion of a DTA with India.
Treaty Update: Singapore - India
15/8/2011
Singapore's Inland Revenue Authority has announced that the 2nd Protocol to the DTA with India will enter into force on September 1, 2011. The protocol incorporates the internationally agreed standard for the exchange of information into the existing DTA.
Treaty Update: India - Lithuania
27/7/2011
The Indian government has announced the signing of a DTA with Lithuania. The agreement incorporates provisions for effective exchange of information between the two countries in line with international standards.
Treaty Update: Korea, South - India
26/7/2011
A statement from the office of South Korean President, Lee Myung-bak, has said that India and South Korea have agreed to begin negotiating an agreement for the avoidance of double taxation.
Treaty Update: India - Germany
6/7/2011
According to media reports, India's Supreme Court has criticised the wording of the country's draft DTA with Germany, and advised the government against the treaty's signature.
Treaty Update: India - Singapore
28/6/2011
According to India's Income Tax Department, India and Singapore signed a DTA amendment on June 24, 2011. The Protocol contains the principles incorporated in the OECD Model Article on the exchange of tax information.
Treaty Update: India - Various
24/6/2011
According to a media reports, the Indian government has said that it needs to renegotiate or make 87 new tax treaties.
'Treaty Update: India - Mauritius
22/6/2011
According to media reports, Mauritius has agreed to hold negotiations on amending the existing DTA.
Treaty Update: India - Mauritius
20/6/2011
According to media reports, Mauritius has agreed to hold negotiations on amending the existing DTA.
Treaty Update: India - Myanmar
14/6/2011
Indian cabinet ratified, according to media reports
Treaty Update: India - United Arab Emirates
14/6/2011
Indian cabinet ratified, according to media reports
Treaty Update: India - Saudi Arabia
14/6/2011
Indian cabinet ratified, according to media reports
Treaty Update: India - Estonia
2/6/2011
Treaty Update: Isle of Man - India
2/6/2011
The TIEA was signed on February 4, 2011. In India, the TIEA applies to all taxes, and in the IoM, taxes on income or profit. The TIEA provides for the exchange of information relevant to the administration and enforcement of domestic tax laws, and to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, or the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of partnerships, companies, collective investment funds or schemes, trusts and foundations.
Treaty Update: India - Colombia
2/6/2011
Dividend withholding tax will be charged at 5%. Interest and royalties will be subject to 10% tax. Profits derived from construction, assembly or installation projects lasting at least six month will be taxed in the source state. Business profits are to be taxable in the source country if such a business is classified as a permanent establishment in that state. Profits derived by an enterprise from the operation of ships or aircraft in international traffic shall be taxable in the country of residence. Capital gains from the sale of shares will be taxable in the source country. The DTA also provides for the exchange of information.
Treaty Update: India - Mozambique
1/6/2011
The DTA was signed on September 30, 2010. Dividend withholding tax will be charged at 7.5%. Interest and royalties will be subject to 10% tax. The DTA also contains provisions for the exchange of information.
Treaty Update: India - Ethiopia
1/6/2011
The DTA provides that business profits will be taxable in the source state if the activities of an enterprise constitute a PE in that state. Profits of a construction, assembly or installation projects will be taxed in the source state if that project continues in the state for more than 183 days. The DTA also provides for the exchange of information. Dividend withholding tax will be charged at 7.5%. Interest, royalties and fees for technical services will be subject to a 10% withholding tax.
Treaty Update: India - British Virgin Islands
1/6/2011
The TIEA provides for the exchange of information, including exchange of banking and ownership informationm and past information in criminal matters.
Treaty Update: India - Tanzania
31/5/2011
The DTA rovides that business profits will be taxable in the source state if the activities of an enterprise constitute a PE in that state. Profits of a construction, assembly or installation projects will be taxed in the source state if that project continues in the state for more than 270 days. The DTA also contains provisions for the exchange of information. Dividends are to be charged at a split rate of 5%/10%. Royalties and interest will be charged a 10% withholding tax.
Treaty Update: India - Ethiopia
26/5/2011
MOU signed for the avoidance of double taxation, and to prevent tax evasion.
Treaty Update: Argentina - India
25/5/2011
The TIEA provides for the exchange of tax information of the foreign trade operators of both countries.
Treaty Update: India - Cayman Islands
25/5/2011
The TIEA outlines the procedures and channels through which authorities in the respective jurisdictions can request information
Treaty Update: India - Bahamas
25/5/2011
The TIEA rovides for the exchange of information, including exchange of banking and ownership information.
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Latest News
A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.
Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.
NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.
Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.
UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.
Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.
Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.
IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.
Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.
OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.
BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.
Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.
UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.
Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.
OECD Praises Portugal's Fiscal Plan 11/3/2010
The Organization for Economic Cooperation and Development has welcomed Portugal’s fiscal consolidation plan, emphasizing that it will serve to support growth.
MEPs Push EU Tobin Tax 12/3/2010
In a recently adopted resolution, the European Parliament has emphasized the need to develop plans for a global tax to discourage excessive risk-taking by financial institutions and to ensure that the financial industry pays for damage caused by the financial crisis.
Bahrain And UK Sign DTA 11/3/2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, and UK ambassador, Jamie Bowden, signed a comprehensive double taxation agreement between the two countries in Manama on March 10.
Australia And Chile Sign DTA 11/3/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.
Swiss-German Tax Talks Resume 12/3/2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas on current financial and tax policy issues.
US Senate Approves Tax Extenders Bill 12/3/2010
US Senate Finance Committee Chairman Max Baucus has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010.
Bahamas Achieves White-Listing 12/3/2010
The Bahamas has achieved a place on the Organization for Economic Cooperation and Development's ‘white list’ following the signing of Tax Information Exchange Agreements with the seven Nordic economies of Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, on March 10.
Tax Relief For California Storm Victims 11/3/2010
The State of California’s Franchise Tax Board on March 9 announced special tax relief for California taxpayers affected by the recent severe winter storms that started in January.
Belgium's Kilometer Tax Opposed 11/3/2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the idea of a road tax levied per kilometre travelled, advocating instead the introduction of an inclusive road tax disc, which could then be modified to take certain environmental criteria into account.
Amazon Retaliates Against Colorado 11/3/2010
Amazon.com cut ties with its Colorado affiliate marketers on March 8 after the US state forged ahead with its plan to introduce a mandatory Internet sales tax on e-businesses with an annual turnover exceeding USD100,000.