India, Latvia set to sign pact to avoid double taxation India and Latvia will sign an agreement for double taxation avoidance in New Delhi on Wednesday. Following this, the Baltic state would open its embassy in New Delhi in January 2014, said Edgars Rinkevics, Latvian Minister of Foreign Affairs. These steps are expected to give a significant boost to trade, cultural and educational exchanges between the two countries, ahead of India and the EU concluding a free trade agreement (FTA). Under the double taxation avoidance agreement, business profits will be taxable in the source state if the activities of an enterprise constitute a permanent establishment in that state.
Posted on: Wed, 18 Sep 2013 05:30:00 +0000
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