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CBDT approves amendment of India-Kuwait tax agreement

ANI  |  New Delhi [India] 

The Central Board of (CBDT) on Monday notified the protocol amending the Avoidance Agreement (DTAA) between and

The protocol updates the provisions in the for the exchange of information as per international standards, and also enables sharing of information received from for purposes with other law enforcement agencies, subject to an authorisation of the competent authority of and vice versa.

As per the CBDT, the protocol to amend the existing agreement between and Kuwait was signed in June, 2006 for the avoidance of Following this, another protocol was signed in January last year for the prevention of fiscal evasion with respect to taxes on income.

This protocol, the CBDT said, has come into force on March 26, and duly notified in the official gazette.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 07 2018. 17:20 IST