India-Korea sign MoU to suspend collection of taxes during MAP pendency

Dec 10,2015

India-Korea sign a new Memorandum of Understanding (MoU) on suspension of collection of taxes during pendency of Mutual Agreement Procedure (MAP); MoU intended to relieve the burden of double taxation for the taxpayer in both the countries during the pendency of MAP proceedings; To provide ease of doing business in India for Korean companies, countries note that transfer pricing dispute cases will be taken up for MAP under the revised DTAA; MoU signed during meeting between Indian and Korean ...

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