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Cabinet approves Agreement between India and Samoa for exchange of information with respect to Taxes

News and Press Release - Dated:- 21-9-2016 - The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for signing and ratification of Agreement between India and Samoa for the exchange of information with respect to Taxes. The Agreement will stimulate the flow of exchange of information between India and Samoa for tax purposes which will help curb tax evasion and tax avoidance. There is no financial implications at present. Only in the event of extraor .....

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ent shall be treated as confidential and may be disclosed only to persons or authorities (including courts or administrative bodies) concerned with assessment, collection, enforcement, prosecution or determination of appeals in relation to taxes 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 information sending country. 3. The Agreement also provides for Mutual Agreement Procedure for reso .....

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