By Alex Cooper
On February 7, 2018, the Indian Government approved the signing and ratification of a protocol to amend the country’s tax treaty with China.
The Protocol incorporates changes required to implement tax treaty-related base erosion and profit shifting (BEPS) minimum standards. The Protocol also introduces other changes in line with the BEPS proposals as agreed upon by both countries.
Finally, the Protocol updates existing treaty provisions relating to exchange of tax information in line with international best practices.
The author is editorial assistant, TP News