India and Belgium today signed a protocol to their existing tax treaty to broaden the scope of exchange of tax information between the countries, India’s Central Board of Direct Taxes has announced.
The agreement would also allow for mutual assistance in the collection of taxes.
The new protocol, which is not yet in force, is designed to curb tax avoidance and evasion.
The Indian government said that India signed similar agreements this during the 2016–17 fiscal year with Switzerland, Mauritius, Cyprus, Japan, South Korea, Kazakhstan, Singapore, and Austria.
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