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of <h1>India-Netherlands Update Double Taxation Convention; Enhances Information Exchange in Article 26 to Meet Global Standards.</h1> India and the Netherlands have signed a protocol amending the Double Taxation Avoidance Convention (DTAC) initially established in 1988. The amendment updates Article 26 concerning the exchange of information to align with international standards. Signed on May 10, 2012, in The Hague, the protocol allows for the exchange of banking information and information without domestic interest, with the potential for non-tax use if permitted by the domestic laws of both countries and approved by the supplying state.
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