Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: form 3cd :: ACCOUNTING STANDARDS :: TDS :: VAT RATES :: ACCOUNTING STANDARD :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India
 
 
News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

India, Brazil, SA to cooperate in tax matters
November, 24th 2006

Close on the heels of inking an agreement to promote trade ties, the trio of India, Brazil and South Africa have agreed to deepen cooperation in tax and customs matters. They will work out a trilateral framework for agreement on cooperation in revenue administration matters.

Under the IBSA mechanism, the three countries will endeavour to curb abusive use of tax avoidance transactions, arrangements, shelters and schemes. They would also exchange information on customs and tax modernisation. The mechanism will also use the exchange of in-formation provisions in the bilateral double taxation agreement.

Revenue Secretary K M Chandrashekhar met his counterparts from South Africa and Brazil in Pretoria from November 20-21. To promote closer cooperation in both tax and customs matters and contribute to the India-Brazil-South Africa dialogue forum, the three heads of revenue administrations agreed to increase and formalise cooperation.

The three countries will work towards the development of electronic connectivity and the real-time exchange of information. They would also cooperate in combating commercial fraud, smuggling, drug trafficking and other illicit activities, an official statement said.

It was noted that increased economic activities between these countries and the growing trade and investment relationships necessitated closer customs and tax cooperation. The Indian, Brazilian and South African revenue administrations have already been cooperating in various global customs and tax organisations and this meeting pro-vided the opportunity to explore areas for trilateral cooperation.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions