Govt approves double taxation avoidance agreement with Belgium

The Cabinet on Wednesday approved the signing of a protocol amending an agreement between India and Belgium for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. The amendment in the protocol will broaden the scope of the existing framework of exchange of tax related information between the two countries, which will help curb tax evasion and tax avoidance, an

officialstatement said.  India, Slovenia amend DTAA to bring info exchange under ambitIndia, Mauritius amend tax treaty, capital gains to come under tax netIndia,UK amend double taxation pactBlackmoney: India to get banking info from Switzerland on liberal termsIndia,Nepal to share banking information on taxationAccess to info on Swiss accounts made easierIndia, Slovenia amend DTAA to bring info exchange under ambitIndia, Mauritius amend tax treaty, capital gains to come under tax netIndia,UK amend double taxation pactBlackmoney: India to get banking info from Switzerland on liberal termsIndia,Nepal to share banking information on taxationAccess to info on Swiss accounts made easierIndia, Slovenia amend DTAA to bring info exchange under ambitIndia, Mauritius amend tax treaty, capital gains to come under tax netIndia,UK amend double taxation pactBlackmoney: India to get banking info from Switzerland on liberal termsIndia,Nepal to share banking information on taxationAccess to info on Swiss accounts made easier

The protocol will also revise the existing treaty provisions on mutual assistance in collection of taxes, it added.

The decision regarding this was taken in a meeting chaired by Prime Minister Narendra Modi.

Earlier, the government had revised the double taxation avoidance agreement with Mauritius and is in the process of amending pacts with Singapore and other nations.

India is revising these pacts to check abuse of tax treaty.