On December 11, 2015 the Japanese Ministry of Finance issued a press release announcing that on that same date Japan and India signed a Protocol amending the Convention between the Government of Japan and the Government of the Republic of India for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.

Although the Protocol has been signed, it has not yet entered into force. For the Protocol to enter into force, the respective ratification procedures have to have been finalized in both countries.

The Protocol amends a.o. the Paragraphs 3 and 4 of Article 11 of the existing DTA. These paragraphs regard financial institutions which are qualified for exemption from tax on interest in the source state.

Furthermore the Protocol replaces the existing Article 26 on the Exchange of Information for Tax Matters.

The Protocol also arranges that a new Article 26 A is included in existing DTA. The new Article 26 A contains provisions regarding assistance in the collection of taxes.

Click on the language of your choice to be forwarded to the text of the Protocol as available on the website of the Japanese Ministry of Finance, which will open in a new window (English or Japanese).

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