CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. India, Seychelles To Exchange Tax Information

India, Seychelles To Exchange Tax Information

by Mary Swire, Tax-News.com, Hong Kong

16 September 2016


The tax information exchange agreement between India and Seychelles has entered into force, the Indian tax agency has said.

The TIEA entered into force on June 28, 2016, following the completion of domestic ratification procedures by the two countries.

The agreement will enable the Competent Authorities of India and Seychelles to "provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of the domestic laws of [the two countries] concerning taxes."

Each Competent Authority will provide information "on request." India and Seychelles will ensure that its Competent Authority has the authority to obtain and provide "information held by banks, other financial institutions, and any persons acting in an agency or fiduciary capacity, including nominees and trustees; [and] information regarding the legal and beneficial ownership of companies, partnerships, collective investment funds or schemes, trusts, foundations, 'Anstalten,' and other persons."

The TIEA also provides for a Mutual Agreement Procedure for resolving any difference regarding its implementation or interpretation.

TAGS: tax | investment | business | tax information exchange agreement (TIEA) | India | tax avoidance | law | banking | trusts | investment funds | enforcement | offshore | agreements | offshore banking | Seychelles | Tax

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »