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India-HK avoidance of double taxation approved
A Tax Agreement will stimulate flow of investment, technology and personnel from India to Hong Kong and vice versa, prevent double taxation and provide for exchange of information between the two Contracting Parties.
The Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income will improve transparency in tax matters and will help curb tax evasion and tax avoidance.
The agreement was approved by the Indian cabinet on 10 Nov 2017. fii-news.com
