Seychelles and India sign tax agreement

Q.  On 20th Aug’15 with which country, the agreement for exchange of information with respect to taxes has been approved by the Cabinet?
- Published on 31 Aug 15

a. Switzerland
b. Seychelles
c. Sweden
d. UAE

ANSWER: Seychelles
 
The cabinet has approved the signing and ratification agreement between India and Seychelles for exchange of information with respect to taxes. The Agreement will stimulate the flow of exchange of information between India and Seychelles for tax purposes, which will help curb tax evasion and tax avoidance. The Union Cabinet also gave its approval for the signing of the revised Air Services Agreement (ASA) between India and Seychelles to modernize and update the existing ASA signed in 1978.

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