Business Standard

Changes to double taxation accord with Portugal cleared

IANS  |  New Delhi 

In its continuing campaign against stashed away abroad, the on Wednesday approved amendments to the Double Taxation Avoidance Agreement (DTAA) between and Portugal, an official said.

"The Union Cabinet has given its approval for signing of a Protocol amending the Convention between and Portugal for avoidance of double taxation," a Finance Ministry statement here said.

"The Protocol will also ensure prevention of fiscal evasion with respect to taxes on income," it said.

Under this protocol, and Portugal would be able to exchange tax-related information, which will help authorities of both countries curb tax evasion, it added.



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