Maldives to sign tax info exchange deal with India
According to the Economic Times of India, the approval was given by the Union Cabinet chaired by Prime Minister Narendra Modi.
"The agreement will stimulate effective exchange of information between the two countries which will help curb tax evasion and tax avoidance," the newspaper said, quoting an official statement.
A Maldives Inland Revenue Authority (MIRA) official said the agreement was drafted after extensive discussions between the two countries. But a date to sign the agreement is yet to be decided, the official added.
"This is the first agreement Maldives will sign with the an individual country. We have signed an agreement to share information between SAARC countries," the official said. ■