Double taxation avoidance pact protocol has been signed by India and Japan


With the aim of modifying the existing convention for avoidance of double taxation and prevention of fiscal evasion with respect to income taxes India and Japan have signed a Protocol. In 1989, the existing Agreement for avoidance of double taxation and tax evasion was signed between both countries.

  • The protocol was signed by Revenue Secretary Hasmukh Adhia from India and Kenji Hiramatsu Ambassador of Japan on behalf of Japan.

Key highlights:

  • For effective exchange of information on tax matters this protocol provides internationally accepted standards.
  • This agreement contains sharing of bank information and information without domestic tax interest.
  • This Protocol has Enables both countries to share and receive information from Japan of Indian resident with other law enforcement agencies with authorization of the competent authority and vice versa.
  • According to this Protocol both countries shall assist each other in the collection of revenue claims.
  • In additional it provides for exception of interest income from taxation in the source country.
  • Under this exception the Government or Government owned financial institutions has respect debt-claims

- Published/Last Modified on: December 14, 2015