<h1>India and Latvia Sign Agreement to Prevent Double Taxation and Promote Economic Cooperation with 10% Withholding Tax Rate.</h1> India and Latvia have signed an agreement to prevent double taxation and fiscal evasion concerning income taxes. This agreement, signed by their respective foreign ministers, marks Latvia as the third Baltic nation with which India has established such a treaty, following Lithuania and Estonia. It outlines conditions for taxing business profits, dividends, interest, and royalties, with a 10% withholding tax rate to encourage investment and technology exchange. The agreement includes provisions for exchanging tax information, assisting in tax collection, and preventing treaty abuse, aiming to enhance economic cooperation and ensure tax stability for residents of both countries.