Saturday, 31 December 2016

India, Singapore sign 3rd protocol for amending DTAA


India and Singapore have amended the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income, by signing a Third Protocol on 30th December 2016. 

This is in line with India’s treaty policy to prevent double non-taxation, curb revenue loss and check the menace of black money through automatic exchange of information, as reflected in India’s recently revised treaties with Mauritius and Cyprus and the joint declaration signed with Switzerland.

Source- Press Information Bureau


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