Double Taxation Avoidance Agreement India and France
Double Taxation Avoidance Agreement India and France
In a recent development, India and France have signed a double taxation avoidance agreement to promote bilateral trade and investment between the two countries. This agreement aims to eliminate the possibility of individuals and companies being taxed twice on the same income in both countries.
The importance of such agreements cannot be understated as they provide certainty and clarity to taxpayers and encourage cross-border economic activities. With this agreement in place, businesses and individuals can now engage in trade and investment activities with more confidence and without the fear of being subjected to double taxation.
Additionally, this agreement also establishes rules and procedures for the exchange of information between India and France to prevent tax evasion and ensure compliance with the tax laws of both countries. This cooperation in tax matters will further strengthen the economic relationship between the two nations.
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