India has signed an agreement for exchange of information with respect to taxes with Seychelles in a bid to curb illegal hoarding of money.

The Indian Ocean nation is considered one of the preferred offshore havens for routing of funds to escape taxation.

The tax information exchange agreement provides for mutual assistance between the authorities of the two countries on enforcement action against suspected tax evaders along with other related matters.

The agreement was signed after talks between Indian Prime Minister Narendra Modi and the visiting Seychelles President James Alix Michel.

Indian has already signed similar accords with other offshore tax havens such as Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Guernsey, Isle of Man, Jersey, Liechtenstein, Monaco and San Marino.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Enter your work email
First Name
Last Name
Company Name
Job title *
Phone number *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.