Sunday, November 27, 2011
India, Nepal ink Double Taxation Avoidance Agreement
The revised tax treaty was signed by Finance Minister Pranab Mukherjee and his Nepalese counterpart Barshaman Pun in
Kathmandu on Sunday.
It will replace an earlier agreement signed between the two countries in 1987. The agreement is also likely to boost confidence of investors and help
attract more investment from Nepal . India
accounts for only 0.44 per cent of Nepal ’s total trade. India
The bilateral trade between the two nations has increased from US Dollar 1.98 billion in 2009-10 to around US Dollar 2.70 billion in 2010-11, registering an increase of 37 per cent.
Indian firms are the biggest investors in
accounting for about 47.5 per cent of total approved foreign direst investment. Nepal
has signed DTAA with 81 countries and Tax Information Exchange Agreements (TIEAs) with five jurisdictions. It has concluded negotiations with 17 jurisdictions for signing of TIEA. India
Of the 81 DTAAs, 75 do not have specific paragraph for exchange of banking information. All these 75 DTAAs have been picked up for renegotiation. Renegotiations have been completed in 22 cases.
Madrid HC: NBW to Jordi Sanchez,Jordi Cuixart, ON OCTOBER 17, 2017 BY NARESH SAGAR LEAVE A COMMENT EDIT Spanish court in its ord...
Sagar Media Inc : Naresh Sagar March 16, 2017 Sagar Media Inc HEADLINES PHOTOS WORLD EDUCATION BUSINESS POLITICS SCIENC...
Dear N.K, Over the past few weeks and months, March 2, 2017 Dear N.K, Over the past few weeks and months, we’ve ...
Wikileaks Release under FBI & CIA investigation March 9, 2017 United States, Federal agencies have launched a criminal investiga...