๐ฐ India & Oman Agree to Amend Tax Treaty
๐น Whatโs New?
- โ๏ธ Signed an agreement to amend the Double Taxation Avoidance Agreement (DTAA).
- ๐ฏ Aim: Align with international standards on cross-border taxation, simplify tax procedures, and boost cooperation.
๐น Details:
- "Protocol" signed during ๐ฎ๐ณ Piyush Goyal's visit to ๐ด๐ฒ Oman (Jan 27-28).
- Formalizes updates to DTAA for effectiveness.
๐น Other Highlights from the Visit:
- CEPA Discussions: Ministers agreed to expedite talks for an early signing of the Comprehensive Economic Partnership Agreement (CEPA).
- ๐ค Joint Commission Meeting (JCM):
- Reviewed bilateral trade and economic ties.
- Discussed areas like trade, investments, technology, renewable energy, and food security.
- Identified steps to enhance cooperation.
- ๐ผ Goyal met Omani CEOs & business leaders to strengthen business relations.