इंडियन आवाज़     07 Dec 2023 05:43:13      انڈین آواز

India, China, others sign pact on tax info sharing

India has signed a multilateral pact for automatic exchange of information on tax issues and developing new tools to tackle the tax evasion. The Organisation for Economic Co-operation and Development (OECD) in a release yesterday said; India, Canada, Iceland, Israel, New Zealand and China signed the Multilateral Competent Authority agreement in efforts to boost transparency by multinational enterprises. The signing ceremony took place in Beijing yesterday.

Other countries which have already signed the pact include Australia, France, Germany, Japan, Liechtenstein, Malaysia, Italy and the UK.

The pact allows all signatories to bilaterally and automatically exchange Country-by-Country Reports with each other. The OECD release added, it will help ensure that the tax administrations obtain a complete understanding of how the multinational enterprises structure their operations, while also ensuring that the confidentiality of such information is safeguarded.

Leave a Reply

Your email address will not be published.


Govt launches National Best Tourism Village Competition & Best Rural Homestay Competition 2024

AMN / WEB DESK Union Tourism Ministry has launched National Best Tourism Village Competition and the Nation ...

Thailand announces visa-free entry for Indian citizens

Thailand is scrapping visas for scores of Indian tourists in order to rekindle the fire in its tourism sector. ...

World Tourism Day 2023: Govt Launches ‘Travel for LiFE’ Campaign

By Vinit Wahi On the occasion of World Tourism Day 2023 today, the Ministry of Tourism (Northern Region) u ...


International forum on ‘Role of Media in Inciting Hatred and Violence’ begins in Jeddah

JEDDAH The Secretary-General of the Muslim World League Sheikh Mohammed bin Abdulkarim Al-Issa on Sunday hi ...

Journalists felicitated on National Press Day at Press Club of India

Journalists will have to fight together against attacks on press freedom: Siddharth Varadarajan Staff R ...


India and US to launch joint microwave remote sensing satellite (NISAR) for Earth observation

India and the US will launch the joint microwave remote sensing satellite for Earth observation in the coming ...

Vikram Sarabhai Space Research Center plays crucial role in field of space: Jitendra Singh

AMN / WEB DESK Union Minister of State Jitendra Singh said that Vikram Sarabhai Space Research Center( VSSC ...

@Powered By: Logicsart