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Trade Agreement Between Australia and India Enters into Force with Australian Tax Exemption on Income of Indian Technical Services Providers

|Treaty Development|Australia-India
Australia-India

Australia and India have announced entry into force of the Australia-India Economic Cooperation and Trade Agreement (ECTA) on 29 December 2022. In connection with the ECTA, Australia agreed to amend Australian domestic taxation law to stop the taxation of offshore income of Indian firms providing technical services to Australia. This amendment was made by the Treasury Laws Amendment (Australia India Economic Cooperation and Trade Agreement Implementation) Act 2022, which was published in …

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