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Signing and Ratification of agreement between India and Seychelles for the exchange of information with respect to taxes

Dated:- 20-8-2015 - The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes. The Agreement will stimulate the flow of exchange of information between India and Seychelles for tax purposes, which will help curb tax evasion and tax avoidance. The salient features of the agreement are as follows: i. It will enable the Competent Authorities of India a .....

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axes covered under the agreement. Information may be disclosed to any other person or entity or authority or jurisdiction with the prior written consent of the country sending the information. iii. The agreement also provides for a Mutual Agreement Procedure for resolving any difference or for agreeing on procedures under the agreement. iv. The agreement will enter into force on the date of notification of completion of procedures required by the respective laws of the two countries, for entry i .....

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