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Cabinet approves ratification of OECD's multilateral convention

The convention will modify India's tax treaties in order to curb revenue loss through treaty abuse and base erosion and profit shifting strategies by ensuring that profits are taxed where substantive economic activities generating the profits are ...

, ET Bureau|
Jun 12, 2019, 09.56 PM IST
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The Union Cabinet, headed by PM Narendra Modi, Wednesday approved the ratification of the convention.
The union cabinet has approved the ratification of the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting.

The convention will modify India's tax treaties in order to curb revenue loss through treaty abuse and base erosion and profit shifting strategies by ensuring that profits are taxed where substantive economic activities generating the profits are carried out and where value is created, an official statement said on Wednesday.
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Cabinet approves ratification of OECD's multilateral convention to check tax evasion

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