WRITE for ATol ADVERTISE MEDIA KIT GET ATol BY EMAIL ABOUT ATol CONTACT US
WSI
Asia Time Online - Daily News
             
Asia Times Chinese
AT Chinese



    Japan
     Sep 30, 2005
Japan, India close on tax

TOKYO - Japan is expected to agree on a revised tax treaty with India, following similar accords with the US and the UK.

The two nations agreed to revise the existing treaty when Finance Minister Sadakazu Tanigaki visited India in January.

Under the current agreement, India assesses a 15% tax against Japanese companies' Indian subsidiaries that pay dividends to the parent. As a rule, investments in Indian stocks are also assessed a 15% tax on dividends and interest income.

The revised treaty will lower the rate, helping to spur investment there.

Taxes on software development, a strength of India, could be lowered as well.



The government is expected to seek treaty revisions with other Asian countries. It has approached China through unofficial channels and plans to begin talks with Thailand and the Philippines.

(Asia Pulse/Nikkei)

 

 
 



All material on this website is copyright and may not be republished in any form without written permission.
© Copyright 1999 - 2005 Asia Times Online Ltd.
Head Office: Rm 202, Hau Fook Mansion, No. 8 Hau Fook St., Kowloon, Hong Kong
Thailand Bureau: 11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110