India's Central Board of Direct Taxes has announced the signing of an amending protocol to the 1994 income tax treaty with China on 26 November 2018. Changes to the treaty include updates to the exchange of information provisions to bring them in line with international standards, as well as changes to implement the minimum standards of BEPS project and other BEPS changes as agreed by the two parties. The protocol is the first to amend the treaty and will enter into force after the ratificat…