India and France Update Double Taxation Avoidance Convention

India and France have signed an Amending Protocol to update the Double Taxation Avoidance Convention (DTAC), originally signed in September 1992. The update aligns the treaty with international standards, enhancing tax certainty and investment flows between the two nations. Key changes include granting full taxing rights on capital gains to the company’s resident jurisdiction, revising dividend taxation rates, and expanding definitions for technical services and permanent establishments. This initiative aims to strengthen economic cooperation and mutual tax information exchange between India and France.

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