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Indian Cabinet approves revised DTAA pact with Qatar

The Union Cabinet on Wednesday gave its approval for revision of the Agreement between India and Qatar for the avoidance of double taxation and for the prevention of fiscal evasion with
respect to taxes on income.

The Cabinet meeting was chaired by Prime Minister Nreandra Modi.

The existing Double Taxation Avoidance Agreement (DTAA) with Qatar was signed in 1999 and came into force in 2000, an official statement said.

The revised DTAA updates the provisions for exchange of information to latest standard, includes Limitation of Benefits provision to prevent treaty shopping and aligns other provisions with India’s recent treaties.

The revised DTAA meets the minimum standards on treaty abuse in which India participated on an equal footing.

Savio Rodrigues

Savio Rodrigues Founder & Editor-in-Chief GoaChronicle.com

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