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India, Kazakhstan sign double taxation avoidance convention

Staff 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.
Kazakhstan street
Taxes in Asia   The Central Board of Direct Taxation
The protocol was signed on December 9, 1996 for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income.

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.