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India and Syria reach tax agreement
by Jo BlackThe Indian federal government has approved the agreement signed between India and the Syrian Arab Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion in relation to taxes on income.
The Double Taxation Avoidance agreement will stimulate the flow of investment, technology and services from India to Syria and vice versa.
It will also provide tax stability to the residents of India and Syria and facilitate mutual economic cooperation.
Double Taxation Avoidance Agreements aim to avoid and reduce the burden of double taxation on the same tax payer in two countries in order to promote international trade and investments between the two countries.
India has so far signed such bilateral agreements with 72 other countries
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