On 7 June 2017, in the framework of the OECD Ministerial Meeting, Georgia signed a “Multilateral Agreement on the Implementation of Measures relating to Tax Agreements to Prevent Profit Reduction and Profit Shifting”. The main objective of the multilateral convention is the implementation of beps-related measures, in particular the minimum standards provided for in BEPS measures 6 and 14 in contracts for the avoidance of double taxation. The multilateral instrument will cover or amend 34 out of 56 agreements concluded by Georgia for the avoidance of double taxation. The multilateral instrument was ratified by the Parliament of Georgia on 27 December 2018 and the instrument of ratification was deposited with the OECD Secretariat. See attached text of the Convention: I currently work in a UK-based company and work from home in India. I am paid in pounds sterling every week. My question is: can I get double taxation benefits, since I am already in India? In addition, this year I received a bonus for the 2016-17 fiscal year. So, in which FY will be taxable the same thing? The bonus corresponds to the previous year. Tax treaties and related documents between Great Britain and India. The Agreement between the Government of the Russian Federation and the Government of the Republic of Albania for the avoidance of double taxation of taxes on the income and capital of the NRA may avoid the payment of double taxation in accordance with the Double Taxation Convention (DBA). Normally, non-resident Indians (NRIs) live abroad, but earn income in India.
In such cases, it is possible that the income received in India may be taxed both in India and in the country of residence of the NRA. This means that they would have to pay two taxes on the same income. To avoid this, the Double Taxation Convention (DBA) has been amended. THE INIs can avoid the payment of double taxation under the double taxation convention. The double taxation convention is a convention signed by two countries. The agreement is signed to make a country an attractive tourist destination and allow NGOs to get rid of the multiple payment of taxes. The DTAA does not mean that NRA can avoid taxes altogether, but it does mean that NRA can avoid higher taxes in both countries. DTAA allows an NRA to reduce its tax impact on income generated in India. DTAA also reduces cases of tax evasion.
India and the United Kingdom have signed a protocol updating the 1993 tax treaty between the two countries, which introduces new measures, including changes to the taxation of partnerships, an article on tax collection assistance and a benefit limitation clause (LOB). . . .