➡ On 4 May 2018, the Central Board of Direct Taxes notified amendments to the Double Taxation Avoidance Agreement between India and Kuwait.
- After the amendment, now information can be exchanged between the two countries as per international standards.
- The exchange of information will make both countries even more efficient in taking tough measures against tax evasion.
- It amends the DTAA signed on June 15, 2006 and the agreement to prevent fiscal evasion signed on January 15, 2017.
This amendment is effective from 26 March 2018.
It is worth mentioning that double taxation is a situation where the same companies pay taxes in more than one country on a single visit.
मुख्य The main purpose of the Double Taxation Avoidance Agreement is to protect taxpayers from paying more than once tax on goods income in different countries.
