Tax issues: Cyprus to talk with India

Nov 10 2013, 01:21 IST
Comments 0
SummaryThe government of Cyprus has said it will hold talks with India’s income tax department...

The government of Cyprus has said it will hold talks with India’s income tax department this month to help remove the tag of a tax-non-cooperating jurisdiction that New Delhi attached to the nation last week, subjecting all payments from India to that country a 30% withholding tax, reports fe Bureau in

New Delhi. On November 1, the I-T department had notified Cyprus as a jurisdiction that does not allow effective exchange of tax information. Cyprus described the Indian dec-ision as unilateral and added it was important to clarify that the double tax treaty between the two countries has not been terminated.

Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...