Organisation for Economic Co-operation and Development came up with an international guideline-based on arm’s length principle to curb this issue. Arm’s length price is the
DTAA- Effectual Methods To Regulate Double Taxation
Every country is regulated by its own International Tax rules & Regulations. Due to globalisation, the integration and cross-border transactions with the foreign countries are increasing. DTAA has entered into the International Taxation issues to intensify the cross-border financial transactions. This issue of taxability of same income in multiple countries can be diminished in many methodical ways, one of the effective methods is a tax agreement between the countries.
We at VJM & Associates LLP offer DTAA advisory and tax compliance services to both Indian & Multinational Clients. And provide tax management services to NRIs too, by following the jurisdiction of the Indian laws and regulations along with overseas countries & Double Taxation Avoidance Agreements (DTAA).