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India signs Protocol with Morocco for effective Exchange of Information with respect to taxes

India signed a Protocol amending the India-Morocco Double Taxation Avoidance Convention (DTAC) in New Delhi on 8th August, 2013. The Protocol is based on international standards of transparency and exchange of information. It provides for effective exchange of information including banking information between tax authorities of the two countries. It also provides that each treaty partner shall use its information gathering measures to obtain the requested information even though it may not need such information for its own domestic tax purposes.

The Agreement will enhance mutual co-operation between the two countries by having effective exchange of information in tax matters.

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