Centre clears tax, info exchange pacts with Maldives, Slovenia

In order to exchange information aimed at curbing tax evasion and avoidance, Union Cabinet chaired by the Prime Minister Narendra Modi approved the signing and ratification of an agreement between India and Maldives. The Agreement will stimulate effective exchange of information between the two countries which will help curb tax evasion and tax avoidance.
Besides, the cabinet also approved signing of a Protocol amending the Convention between India and Slovenia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income.
Further the amendment in the Protocol will help to broaden the scope of the existing framework of exchange of tax related information which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.