India and Syrian Arab Republic have revised the existing Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income.

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..... ent (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income. No.402/92/2006-MC (09 of 2009) Government of India / Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi dated the 21st April 2009 PRESS RELEASE India and Syrian Arab Republic have revised the existing D .....

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..... e revised DTAA provides that business profits may be taxed in the source state if the activities of an enterprise constitute a permanent establishment in the source state. Profits of a building site, construction, assembly or installation projects may be taxed in the state of source if the site, project or activities continue in that state for 270 days or more. Profits from the furnishing of servi .....

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..... erest and royalties. Capital gains from the sale of shares may be taxed in the country of source. The revised Agreement will provide further impetus to the economic ties between India and Syria by facilitating mutual economic cooperation as well as stimulating the flow of investment, technology and services between the two countries. XXX - Circular - Trade Notice - Public Notice - Instruct .....

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