New Delhi, Feb 25 (IANS) The revision of three‑decade‑old tax treaty between India and France will lower dividend levies for large French investors including Sanofi, Renault and L’Oreal and safeguard India’s tax base, a report has said.The report from BBC said the new agreement expanded New Delhi’s right to tax certain transactions such as capital gains arising from the sale of shares, including transactions where a French entity owns less than 10 per cent of an Indian company.”The changes…
Latest BEPS Multilateral Instrument News & Updates
New Delhi, Feb 23 (IANS) India and France have signed an amending protocol to boost investment and strengthen economic cooperation, which aligns tax treaty with international standards, it was announced on Monday.The amending protocol provides full taxing rights in respect of capital gains arising from sale of shares of a company, to the jurisdiction where such company is a resident.It also deletes the so-called Most-Favoured-Nation (MFN) Clause from the Protocol to the India-France Double Taxat…