INDIA, Netherlands have wrapped up a Protocol to amend the Article 26
relating to exchange of information to bring it in line with the international
standards. The DTAA dates back to July, 1988.
On 10
th May, 2012, India and Netherlands have signed the Protocol at The Hague,
Netherlands. The protocol was signed by Ms. Bhaswati Mukherjee, Ambassador of
India to The Netherlands and Mr. F.H.H.Weekers, state Secretary of Finance,
Netherlands. The Protocol will replace the Article concerning Exchange of
Information in the existing DTAC between India and Netherlands and will allow
exchange of banking information as well as information without domestic
interest. It will, now, allow use of information for non-tax purpose if allowed
under the domestic laws of both the countries, after the approval of the
supplying state.
|
