Cabinet approves protocol amending double taxation avoidance agreement with China

NEW DELHI: The union cabinet has approved the signing and ratification of protocol amending the double taxation avoidance agreement with China, an official statement said on Wednesday.

The cabinet, which met under the chairmanship of Prime Minister Narendra Modi, gave its nod to changes including updating the existing provisions for exchange of information to the latest international standards.

Further the protocol will incorporate changes required to implement treaty related minimum standards under the Action reports of Base Erosion & Profit shifting (BEPS) Project, in which India had participated on an equal footing.


Besides minimum standards, the Protocol will also bring in changes as per BEPS Action reports as agreed upon by two sides, it said.