India, Germany agree to continue sharing tax-related info
Source: PIB, Government of India A high level delegation led by Revenue Secretary Shri Shaktikanta Das had a meeting with the State Secretary Johannes Geismann and other senior officers of the Federal Ministry of Finance, Germany in Berlin on August, 17. During the meeting, issues relating to exchange of tax related information, BEPS Project, DTAA negotiations etc. were discussed. Three important outcomes of the visit of the delegation as agreed between the two sides are as follows: It was agreed that India and Germany will continue to exchange tax related information spontaneously on the basis of the existing agreements. It was also agreed to explore other possibilities of enhancing exchange of information. As signatories to the Multilateral Competent Authority Agreement regarding automatic ...
India, US sign IGA to implement FATCA to promote transparency on tax matters
Source: PIB, Government of India The Secretary, Department of Revenue, Ministry of Finance, Shaktikanta Das and the US Ambassador to India, Richard R. Verma signed the Inter-Governmental Agreement between India and USA for Improving International Tax Compliance and Implementing the Foreign Account Tax Compliance Act (FATCA), in New Delhi on July 09, 2015. Source: PIB, Government of India Shaktikanta Das, Revenue Secretary of India and Richard Verma, U.S. Ambassador to India signed here today , an Inter Governmental Agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA) to promote transparency between the two nations on tax matters. The agreement underscores growing international co-operation to end tax evasion everywhere. The text of the signed agreement will be available ...
India joins the Multilateral Competent Authority Agreement on Automatic Exchange of Information
Source: PIB, Government of India India joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information on June 3, 2015, in Paris, France, along with Australia, Canada, Costa Rica, Indonesia and New Zealand. On India’s behalf, the Declaration to comply with the provisions of the MCAA was signed by Mohan Kumar, Ambassador of the Republic of India to France, in a signing ceremony held in Paris. Earlier, fifty-one countries/jurisdictions had joined the MCAA on October 29, 2014 in Berlin and Switzerland became the fifty-second country to join the MCAA on November 19, 2014. Ghana and Seychelles joined the MCAA on May 14, 2015. With six countries joining the MCAA on June 3, 2015, the total number of countries/jurisdictions ...
