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of <h1>India-Finland Tax Agreement Updated: Interest to FINNVERA, Finnish Export Credit Now Tax-Exempt in India Under Article 12.</h1> The Government of India has amended the Double Taxation Agreement with Finland to exempt interest paid to FINNVERA and Finnish Export Credit from Indian taxes. This decision follows a proposal from Finland's competent authority and subsequent agreement by India's competent authority. The amendment, effective from August 28, 2007, includes FINNVERA and Finnish Export Credit in the list of exempt institutions under Article 12 of the Convention between India and Finland, aimed at avoiding double taxation on income and capital.
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