Current Affairs - International - Discussion

India and Oman have signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA), ensuring alignment with international cross-border taxation standards and simplifying tax procedures. This agreement aims to enhance economic cooperation and prevent tax evasion between the two nations. Additionally, both countries have agreed to accelerate negotiations for an early signing of a proposed Free Trade Agreement, further strengthening bilateral trade relations. Oman, with its capital in Muscat and currency as the Omani Rial, continues to be a key economic partner for India in the Gulf region.