Current Affairs - International - Discussion

The Government of India and the People's Republic of China signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and prevention of tax evasion through exchange of information. According to the amended treaty, the existing provisions for exchange of information to the latest international standards have been updated, Changes have been made related to minimum standard of implementation of treaty under the Action reports of Base Erosion & Profit Shifting (BEPS) Project.