The Government of India on 18 September 2013 signed an agreement with Latvia on Double Tax Avoidance Agreement (DTAA) and the Prevention of Fiscal Evasion with respect to Taxes on Income.
The Agreement and the Agreed Note were signed by Salman Khurshid, External Affairs Minister of India and Mr. Edgars Rinkevics, Minister of Foreign Affairs of Latvia.
Latvia is the third Baltic country with which DTAA has been signed by India. Earlier DTAAs were signed with Lithuania and Estonia.
The DTAA provides that business profits will be taxable in the source if the activities of an enterprise constitute a permanent establishment (PE) in the source state. The Agreement provides for fixed place of permanent establishment (PE), building site, construction or assembly PE, service PE, Off-shore exploration/exploitation PE and agency PE.
The Agreement and the Agreed Note were signed by Salman Khurshid, External Affairs Minister of India and Mr. Edgars Rinkevics, Minister of Foreign Affairs of Latvia.
Latvia is the third Baltic country with which DTAA has been signed by India. Earlier DTAAs were signed with Lithuania and Estonia.
The DTAA provides that business profits will be taxable in the source if the activities of an enterprise constitute a permanent establishment (PE) in the source state. The Agreement provides for fixed place of permanent establishment (PE), building site, construction or assembly PE, service PE, Off-shore exploration/exploitation PE and agency PE.
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