07/02/17

Country: India, India, Austria sign protocol amending tax treaty

India and Austria today agreed to amend their existing bilateral taxation treaty to prevent tax evasion as well as enable mutual assistance, reports Business Standard.

The protocol will broaden the scope of the existing framework of exchange of tax related information which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes, an official statement said.

It was signed by Central Board of Direct Taxes (CBDT) Chairman on behalf of India and Embassy of Austria Charge d' Affaires Georg Zehetner on behalf of Austria.