Tax Treaty

India reduces local remedies exhaustion period to 3 years for UAE investors

India has cut down by two years the local remedies exhaustion period for UAE investors from five years under the Bilateral Investment Treaty (BIT), which came into effect between the two countries in August. The treaty, which is aimed at providing comfort to investors of both countries, also includes portfolio investments in a deviation from such treaties in the past. Local remedies exhaustion means that investors must first try to resolve their disputes using the legal system of the host country before they can take the matter to international arbitration. The treaty signed between India and the UAE in February has been enforced from August 31 this year, a finance ministry statement said. "Investor-State Dispute Settlement (ISDS) through arbitration with mandatory exhaustion of local remedies for three years," the finance ministry said in a statement. The Model BIT requires investors to attempt resolving disputes through India's legal system for at least five years before seeking

CBDT exempts NR taxpayers from mandatory Form 10F e-filing for now

The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers for the purpose of determining withholding tax implication

Global funds likely to contest I-T dept's order on tax treaty misuse

The I-T department observes irregularities in tax filings of 2013-14, 2014-15, and 2015-16

Delhi HC provides tax relief on dividend income to Dutch companies

Invokes 'most-favoured nation' clause and applies lower 5% withholding tax on dividend income under India-Netherlands tax treaty

FPIs will have to furnish residency certificate to avail treaty tax benefit

At present, the withholding tax provisions do not allow Indian companies to apply lower treaty rates while deducting tax at source (TDS) on dividends paid to FPIs

India's tax-GDP ratio plunges to 9.88% in FY20, lowest in 10 years

While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance

Major FPIs shift base after new tax treaties

More than 50 overseas investors moving to tax-friendly European nations

Cabinet approves signing of amended tax treaty with Portugal

Protocol will also ensure prevention of fiscal evasion with respect to taxes on income

Mauritius gets debt advantage over Cyprus

Text of revised tax treaty with Cyprus shows New Delhi gave it relatively less concession on interest levy

India to renegotiate tax treaty with Singapore: Arun Jaitley

The redrawn Mauritius treaty will trigger a similar amendment in India's tax treaty with Singapore