#NRImoneyclinic #DTAA #DoubleTaxAvoidanceAgreements
Sriram V Rao
FCA, DISA(ICAI), DIIT(ICAI)
Specialist: Direct Taxes , International Taxation
Email: sriram@nitinjshetty.com
Website: www.nitinjshetty.com
2.15
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Agreement Between Two Countries
Also Known As Tax Treat Or Tax Convention
Intention To Prevent Multiple Taxation Of Same Income
Intention Of Sharing Of Tax Related Information
Agreement On Who Can Tax What ?
A Means For Recovery Of Tax Arrears
3.30
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
It Is Not A Law By Itself
It Is A Part Of Indian Income Tax Act
It Is An Agreement And Treaty Between Two Govts
4.30
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Helps Person In A Country Which Taxes Global Income
Generally Source Based Taxation Is Followed In Every Country
Conflicts Are Resolved As Per DTAA
6.10
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
How The Taxing Rights Are Decided ?
These Are Decided Based On Negotiations .
Based On Negotiations One Of The Below Outcome Will Follow
Only The Country Of Source Of Income May Get Taxing Rights
OR
The Other Country Will Give Tax Credit For Tax Paid In Source Country
9.10
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Very Specific Between Two Countries
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Which Treaty To Follow ?
Treaty Between Country Of Tax Residency
&
Country Of Source Income .
Citizenship Has No Role To Play Here
11.15
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Agreements May Go Through Changes Over Time
Generally They Don’t Change Very Frequently
13.00 to 15.30
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Very Specific Between Two Countries
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Which Treaty To Follow ?
Treaty Between Country Of Tax Residency
&
Country Of Source Income .
Citizenship Has No Role To Play Here
16.00
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
What Is The Intention ?
To Prevent Multiple Taxation Of Same Income
Sharing Of Tax Related Information
To Recover Tax Liabilities From Assets Held Abroad
Development Of Trade & Commerce Between Countries
17.30
FATCA LAW
It Only Aims For Exchange Of Information
18.35
DOUBLE TAX AVOIDANCE AGREEMENT (DTAA )
Income Tax Law And DTAA – Which One To Follow?
DTAA Is Part Of Income Tax Law
Generally There Are No Conflicts Between These Two
If There Is A Conflict ,
Provisions Of DTAA Will Override Provisions Of Income Tax law
20.20
A SINCERE ADVICE
In Matters Of Tax Filing & DTAA Provisions
Consult Professional Chartered Accountants
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