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of <h1>India and Maldives Sign Agreement to Prevent Double Taxation on International Air Transport Income</h1> An agreement between the governments of India and the Maldives was signed to prevent double taxation on income from international air transport. Effective from August 1, 2016, the agreement exempts income derived from the operation of aircraft in international traffic from being taxed in the other contracting state. It applies to existing and similar future taxes in both countries, with mutual agreement procedures for resolving disputes. The agreement remains in force indefinitely but can be terminated by either country with prior notice. The provisions take effect in India from April 1 and in the Maldives from January 1 following the agreement's entry into force.
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