Amendments made in DTAA of India and China

Amendments made in DTAA of India and China

Amendments made in DTAA of India and China : Governments of India and China have amended the Double Taxation Avoidance Agreementfor avoidanc

authorCA Deepak GuptadateNov 27, 2018
Last update on Nov 27, 2018

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Amendments made in DTAA of India and China : Governments of India and China have amended the Double Taxation Avoidance Agreementfor avoidance of double taxation, and prevention of fiscal evasion with respect to taxes on income. Besides this, the Protocol updates the existing provisions for exchange of information to the latest international standards. The Official Press Release is given below for reference :

Amendments made in DTAA of India and China

Ministry of Finance

Protocol amending India-China DTAA

The Government of the Republic of India and the Government of the Peoples Republic of China have amended the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income, by signing a Protocol on 26/11/2018.

Besides other changes, the Protocol updates the existing provisions for exchange of information to the latest international standards. Further, the Protocol incorporates changes required to implement treaty related minimum standards under the Action reports of Base Erosion & Profit shifting (BEPS) Project, in which India had participated on an equal footing. Besides minimum standards, the Protocol brings in changes as per BEPS Action reports as agreed upon by the two sides.

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