Sat 17, Nov 2018
lawyers line
You are in Home » Law News » International » India and Latvia sign Double Taxation Avoidance Agreement
LATEST NEWS  
   
By LL News|Email the author|Sep 19,2013   (2615 views)
news
India and Latvia signed an agreement for providing tax stability to residents of both countries and facilitate economic cooperation by stimulating flow of investment, technology and services.
The Agreement and the Agreed Note for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income (DTAA) were signed by External Affairs Minister Salman Khurshid and his Latvian counterpart Edgars Rinkevics here.

Latvia is the third Baltic country with which India has signed the DTAA. Earlier, DTAAs have been signed with Lithuania and Estonia which have already come into force.

The DTAA provides that business profits will be taxable in the source if the activities of an enterprise constitute a permanent establishment (PE) in the source state.

It also provides for fixed place PE, building site, construction or assembly PE, service PE, Off-shore exploration/exploitation PE and agency PE.

The Agreement incorporates para two in Article concerning Associated Enterprises.

This would enhance recourse to Mutual Agreement Procedure to relieve double taxation in cases involving transfer pricing adjustments.
Related links :
  |   Gallery gallery
   
Recent Comments
Post your comments
Name :
Enter your Name 
Email ID :
Enter your Email ID 
Comments :
Solve this  
 
Related News
news
An Indian-origin law student has sued Manhattan`s top federal prosecutor Preet Bharara and the US Justice Department claiming she was unlawfully questioned and her cell phone confiscated after she sen[..]
news
A Missouri prosecutor who dropped charges in a controversial rape case will ask a court to appoint a special prosecutor to review the facts and look at possibly refiling charges.
Nodaway County[..]
news
In a case that pits First Amendment rights of young Americans to display pride in their country against the power of high school administrators to take reasonable measures to promote student safety, a[..]
news
San Francisco`s city attorney sent a letter to Nevada officials this week demanding that California cities and counties be repaid for the treatment costs for some 500 psychiatric patients who were giv[..]
Advertisement
Subscribe Now
ad
Subscribe to the Newletter
I have read and agree to the Privacy Policy
Indian No. 1 Remarriage Matrimony
   
Copyright © 2011 Lawyers Line.. All rights reserved