The Union Cabinet today gave its approval for signing of the Agreement between India and Latvia for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on income

The Agreement will stimulate the flow of capital, technology and personnel from India to Latvia and vice-versa. It will provide tax stability and reduce any obstacles in providing mutual cooperation.

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SH/LV

Avoidance of double taxation promotes cross-border investment and cooperation by providing tax stability and preventing fiscal evasion. Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion between India and Latvia was approved for signing to provide tax stability, clarify taxing rights, facilitate mutual administrative cooperation, and stimulate the flow of capital, technology and personnel by reducing tax-related obstacles to cross border economic activity.