According to an announcement published by Japan's Ministry of Finance, officials from India and Japan signed a protocol to the 1989 income tax treaty between the two countries on 11 December 2015. The protocol replaces Article 26 (Exchange of Information), bringing it in line with the OECD standard for information exchange, and adds new provisions regarding assistance in the collection of taxes (Article 26A). It is the second protocol to amend the treaty.
The protocol will enter into force 3…