India, Nepal To Sign Double Taxation Avoidance Pact

Kathmandu, Nov 26: India and Nepal will sign the key Double Taxation Avoidance Agreement (DTAA) during the day-long visit of Finance Minister Pranab Mukherjee here tomorrow, a move which will help create better investment climate for Indian businesses in this country.

Foreign Secretary Ranjan Mathai, who arrived here today to prepare ground for Mukherjee’s visit, said the Finance Minister and his Nepalese counterpart Barsha Man Pun will ink the pact tomorrow.

“India has an abiding interest in the peace, stability and prosperity of Nepal, and this motivates our wish to expand the cooperation between our two nations,” he told reporters at the Tribhuvan International Airport upon his arrival here.

DTAA, which embodies modern trade principles, will enable Indian investors and traders to enjoy tax relaxation in India once they pay taxes in Nepal.

From: http://ping.fm/RbhmN