Direct Tax Avoidance Agreements

Thailand

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

                                                                                                  (Department of Revenue)                                                                                                                                

NOTIFICATION NO. 88/2015

(INCOME TAX)

New Delhi, the  1^st December, 2015

S.O. (E).- Whereas, an Agreement between the Government of the Republic of India and the Government of the Kingdom of Thailand for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income was signed in Thailand on the 29^th day of June, 2015 (hereinafter referred to as the said Agreement);

And whereas, the said Agreement entered into force on the  13^th day of October, 2015, being the date of the later of the notifications of the completion of the procedures required by the respective laws for entry into force of the said Agreement, in accordance with paragraph 2 of Article 29 of the said Agreement;

And whereas, clause (a) of paragraph 3 of Article 29 of the said Agreement provides that the provisions of the Agreement shall have effect in India in respect of income derived in any fiscal year beginning on or after the first day of April following the calendar year in which the said Agreement enters into force;

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that all the provisions of said Agreement, as annexed hereto, shall be given effect to in the Union of India.

[F.No.503/5/2005-FTD-II]

(RAJAT BANSAL)

Joint Secretary to the Government of India

AGREEMENT

BETWEEN

THE GOVERNMENT OF THE REPUBLIC OF INDIA

AND

THE GOVERNMENT OF THE KINGDOM OF THAILAND

FOR

THE AVOIDANCE OF DOUBLE TAXATION

AND

THE PREVENTION OF FISCAL EVASION

WITH RESPECT TO TAXES ON INCOME

The Government of the Republic of India and the Government of the Kingdom of Thailand, desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and with a view  to promoting economic cooperation between the two countries, have agreed as follows:

Article I

PERSONS COVERED

This Agreement shall apply to persons who are residents of one or both of the Contracting States.