India Ratifies the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and becomes the First Non-OECD, Non-Council of Europe Country to become A Party to the Convention.

India Ratifies the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and becomes the First Non-OECD, Non-Council of Europe Country to become A Party to the Convention. https://www.taxtmi.com/news?id=2780 India ratified the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the first non OECD, non Council of Europe party to the amended Convention. The Convention provides a multilateral legal basis for cooperation on all taxes, founded on standards of transparency and exchange of information. Operative mechanisms include compulsory exchange of past information in criminal tax matters for a specified period, assistance in tax recovery, simultaneous tax examinations with cross border participation, automatic exchange and spontaneous exchange of information, service of documents abroad, and conditional use of information for other purposes like anti money laundering with supplier approval. en-us Fri, 24 Feb 2012 18:28:41 +0530 Fri, 24 Feb 2012 18:28:41 +0530 TaxTMI RSS Generator India Ratifies the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and becomes the First Non-OECD, Non-Council of Europe Country to become A Party to the Convention. https://www.taxtmi.com/news?id=2780 India ratified the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the first non OECD, non Council of Europe party to the amended Convention. The Convention provides a multilateral legal basis for cooperation on all taxes, founded on standards of transparency and exchange of information. Operative mechanisms include compulsory exchange of past information in criminal tax matters for a specified period, assistance in tax recovery, simultaneous tax examinations with cross border participation, automatic exchange and spontaneous exchange of information, service of documents abroad, and conditional use of information for other purposes like anti money laundering with supplier approval. News - Fri, 24 Feb 2012 18:28:41 +0530 https://www.taxtmi.com/news?id=2780