96 (E) of 7-1-2009 CONSIDERING that the attached Agreement between the Government of the Republic of India and the Council of Ministers of Serbia and Montenegro on the Prevention of Double Taxation of Taxes on Income and Capital was signed in New Delhi on 8 February 2006; AND CONSIDERING that the State Union of Serbia and Montenegro gave birth to Kenya 24. Agreement on the Prevention of Double Taxation of Income and the Prevention of Tax Evasion with Kenya, whereas the Government of India and the Government of Kenya have concluded an agreement under the Annex on the Prevention of Double Taxation and the Prevention of Income Tax Evasion. Whereas in India and Kenya all the conditions necessary for the establishment of the said Convention in India or India have been fulfilled. to grant Kenya the application of that Convention in accordance with Article 30(1) of that Agreement; And while diplomatic notes have been exchanged for this purpose between the two cited governors, you should know the list of DBAA countries simply because you can avoid paying two taxes. What the agreements basically say is that you are already paying taxes and therefore you should not be taxed again. Jordan has transport agreements with many countries and negotiates contracts with other countries. These DBAs aim to make a country attractive for investment purposes by facilitating double taxation. Relief is achieved by exempting income received abroad from tax in the country of residence or by granting credits to the extent that taxes have already been paid abroad. In some cases, DTAs are known to grant tax benefits. Suppose you have a TDS that will be deducted from your NGO deposits at 30.6%. You need to apply to your bank and file a number of documents such as a valid visa, account statement in your country of residence, etc. Subsequently, if there is a DBA agreement with the country of your residence, the tax would only be introduced at a rate of 10 percent. India has a double taxation agreement (DBAA) with 88 countries, but 85 are currently in force.
The DBA Convention was signed in order to avoid double taxation of the same asset declared in two different countries. . . .