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of <h1>India-Maldives Agreement Enhances Tax Information Exchange to Strengthen Tax Law Enforcement and Administration</h1> An agreement between the governments of India and the Maldives facilitates the exchange of tax-related information to aid in the administration and enforcement of tax laws. Effective from August 2, 2016, the agreement outlines the scope, jurisdiction, and types of taxes covered, including any future similar taxes. It specifies procedures for requesting information, confidentiality measures, and conditions under which requests can be declined. The agreement mandates that ordinary costs are borne by the requested party, while extraordinary costs over USD 500 are covered by the requesting party. It remains in force until terminated by either party, with provisions for mutual agreement on implementation issues.
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