Protocol amending agreement between India & Vietnam for DTAA approved

Q.  Which country’s agreement for DTAA and prevention of fiscal evasion regarding taxes on income has been cleared for amendment by Union Cabinet on 7th October 2015?
- Published on 08 Oct 15

a. Israel
b. Vietnam
c. Both of the above
d. None of the above

ANSWER: Both of the above
 
Currently, the DTAA between Indian and Vietnam was signed in 1994 and is undergoing amendment to meet internationally accepted standards. These include updation of A27 on Exchange of Information, addition of a new article on Assistance in Collection of Taxes and entry into Amending Protocol for this purpose. The agreement between the two nations will be amended for avoidance of double taxation and prevention of fiscal evasion regarding taxes on income.

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