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Australia Publishes Draft Bill for Adjustment to Tax on Certain Payments or Credits Paid to Indian Firms

|Treaty Development|Australia-India
Australia-India

The Australian Treasury has published the Treasury Laws Amendment (Measures for Consultation) Bill 2022: Adjustment to tax on certain payments or credits paid to Indian firms, which was open to a brief consultation. The draft bill provides for the implementation of amendments to stop the taxation of offshore income of Indian firms providing technical support services to Australia under the 1991 Australia-India income tax treaty, which was recently agreed to with India in an exchange of lett…

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