NewsBite

India free trade deal ends double-taxation irritant

Tom McIlroy
Tom McIlroyPolitical correspondent

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Australia’s new free trade agreement with India has ended a decade-long tax dispute between the two countries, stopping liabilities to the Australian Taxation Office on profits earned by Indian companies for services performed by overseas-based employees.

As part of a side agreement to the main deal announced on April 2 by Prime Minister Scott Morrison and Trade Minister Dan Tehan, Australia has committed to changing domestic tax law to stop the practice of taxing Indian-based companies on net profits linked to payments from Australian clients.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Tax & super

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/tax-and-super/india-free-trade-deal-ends-double-taxation-irritant-20220417-p5ae2n