<h1>India-Finland DTAA Amendment: Interest to FINNVERA, Finnish Export Credit Exempt from Indian Tax as of Aug 28, 2007.</h1> Interest income paid to FINNVERA or Finnish Export Credit in Finland is exempt from Indian tax according to a recent amendment in the Double Taxation Avoidance Agreement (DTAA) between India and Finland. This change, effective from August 28, 2007, was announced in Notification No. 5/2008 by the Indian Income Tax authorities. The amendment includes FINNVERA and Finnish Export Credit in the list of institutions in paragraph 3 of Article 12 of the DTAA, thereby exempting interest paid to these entities from Indian taxation.