MoU signed between India & South Korea on suspension of tax collection

Q.  MoU between India and which Asian nation was signed on suspension of collection of taxes at the time of pendency of Mutual Agreement Procedure?
- Published on 10 Dec 15

a. North Korea
b. China
c. South Korea
d. Japan

ANSWER: South Korea
 
An MoU was signed between India and South Korea to relieve the burden of double taxation for taxpayers in both nations during pendency of MAP or Mutual Agreement Procedure proceedings. This will improve ease of doing business in the two nations as well.

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