India, Kazakhstan sign double taxation avoidance conventionStaff Writer | January 6, 2017
The Central Board of Direct Taxation (CBDT) announced that India and Kazakhstan have signed a protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between the two countries.
Taxes in Asia The Central Board of Direct Taxation
The protocol under the DTAC will provide internationally accepted standards for effective exchange of information on tax matters.
Further, the information received from Kazakhstan for tax purposes can be shared with other law enforcement agencies with authorization of the competent authority of Kazakhstan and vice versa.
It inserts a limitation of benefits article to provide a main purpose test to prevent misuse of the DTAC and to allow application of domestic law and measures against tax avoidance or evasion. ■