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of <h1>India-Denmark MOU Suspends Tax Collection During MAP for Transfer Pricing Disputes with Bank Guarantee Requirement.</h1> The Indo-Danish Double Taxation Avoidance Convention (DTAC) addresses issues arising from taxation not in accordance with the Convention. A Memorandum of Understanding (MOU) between India and Denmark allows for the suspension of tax collection during the Mutual Agreement Procedure (MAP) for Danish residents or Indian entities involved in transfer pricing disputes. Taxpayers must provide a bank guarantee, and tax collection is paused until MAP resolution. If resolution fails, the guarantee can be invoked. Tax authorities are instructed to monitor these guarantees closely, and the process is governed by specific rules and procedures.
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