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of <h1>India-Japan Tax Protocol Enhances Info Exchange, Exempts Interest on Insured Debt, Boosts Mutual Tax Collection Aid.</h1> The Protocol amending the Double Taxation Avoidance Convention between India and Japan, originally signed in 1989 and amended in 2006, has come into force as of October 29, 2016. This Protocol enhances transparency and cooperation by establishing standards for the exchange of tax information, including bank details, and allows sharing with law enforcement upon authorization. It exempts interest income from taxation in the source country for government-insured debt claims and introduces a new article on mutual assistance in tax collection between the two nations.
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