Maldives to sign tax info exchange deal with IndiaStaff writer ▼ | January 4, 2016
India approved the signing and ratification of an agreement with the Maldives for exchange of information aimed at curbing tax evasion and avoidance.
Cooperation Effective exchange of information
"The agreement will stimulate effective exchange of information between the two countries which will help curb tax evasion and tax avoidance," the newspaper said, quoting an official statement.
A Maldives Inland Revenue Authority (MIRA) official said the agreement was drafted after extensive discussions between the two countries. But a date to sign the agreement is yet to be decided, the official added.
"This is the first agreement Maldives will sign with the an individual country. We have signed an agreement to share information between SAARC countries," the official said. ■