India-Japan social security agreement to come into force from Oct
The Dollar Business Bureau The Social Security Agreement (SSA) that has been signed between India and Japan in Tokyo on November 16, 2012 will come into force with effect from this October, the Ministry of External Affairs said in a statement on Wednesday. According to the Agreement the SSA between India and Japan will improve the profitability of both Indian and Japanese companies. This agreement would benefit many skilled workers from India and Japan working in either of the countries and also attract more Japanese firms to invest in India. The SSA would prevent making double social security contributions. It would exempt the Indian workers who are on a short term contract in Japan, from making social security contribution there, if they are ...
India, Japan sign protocol to update double taxation pact
The Dollar Business Bureau India and Japan on Friday signed a protocol for amending the existing convention for the avoidance of double taxation and for the prevention of fiscal evasion in regards to taxes on income. The existing convention was signed in 1989. “The protocol signed today gains all the more importance as it is being signed few hours before the arrival of the Prime Minister of Japan in India,” Ministry of Finance said in a statement. The agreement was signed between India’s Revenue Secretary Hasmukh Adhia and Japan’s Ambassador to India Kenji Hiramatsu. The protocol will enable the two countries to exchange information on tax matters, including bank information and information without domestic tax interest, through internationally accepted standards. ...
