India seeks DTAA amendment to end double taxation of IT companies in Australia

New Delhi: The Minister of State (MoS) for Trade and Industry, Ms Anupriya Patel, has highlighted the need for a speedy amendment of the Double Taxation Avoidance Agreement Regulations to end the taxation of Indian business offshore income by providing technical support. Ms Patel today held a meeting in New Delhi with the visiting Deputy Premier of Western Australia, Mr Roger Cook, during which she stressed that the change in the DTAA regulations is a very important matter which was agreed under the Ind-Aus ECTA (India Australia Economic and Trade Cooperation Agreement).

Regarding concerns related to the delay in issuing visas for Indian students, the Australian side agreed to consider ways to facilitate the early processing and issuance of visas for Indian students pursuing higher education in Australia and similarly for the tourists.

The two sides also exchanged views on significant opportunities to enhance cooperation between India and Western Australia on a range of issues in various sectors including education, critical minerals, agriculture, energy, tourism, mining technology, etc. Ms. Patel said the India-Australia bilateral relationship has witnessed a transformative development in recent years and there are huge opportunities for cooperation in various fields and improving the current level of bilateral trade and investment.

Both parties recognized the need to speed up the ratification processes for a rapid entry into force of the ECTA Ind-Aus for the mutual benefit of both economies, in particular businesses. The discussions also explored market access issues relating to certain products such as potato, okra, pickles, pineapple, onion, etc. in the Australian market, as well as possible technical collaboration to increase the yield of agricultural products in India.

Both leaders emphasized results-oriented actions leading to gains for the citizens of both countries, especially for the businesses of the other. They discussed various important avenues of cooperation and targeted actions in specific sectors.

Both countries have emphasized complementary programs and expertise at their disposal to develop new pathways by drawing on Western Australian expertise in areas such as agri-technology, water, energy efficiency, renewable energy as well as Indian expertise in commodity analytics, information technology and mobile applications, etc. In addition, the two parties agreed to strive for extensive engagement in legal mining-related activities, to expand technical cooperation and expertise sharing, and to work towards an integrated supply chain. flexible and resilient.

The Indian and Australian sides noted that there are significant opportunities to enhance cooperation in sectors such as critical mining, education, agriculture, mining and mining equipment, technology sectors, l energy, tourism, etc. and that it is necessary to work together to obtain a result. result oriented.

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