-India, Bhutan sign Double Taxation Avoidance Agreement.
Global Banking News - 05 March 2013
India and Bhutan have signed a Double Taxation Avoidance Agreement (DTAA) to exchange information on banking and help check tax evasion.
Business profits will be taxed at source if the entity's activities constitute such a permanent establishment. Dividends, interest, royalty income and fees for technical or professional services will however be taxed in the country of residence and the country of source of income under the agreement.
This is first DTAA signed by Bhutan.
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|Publication:||Global Banking News (GBN)|
|Date:||Mar 5, 2013|
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