The Union Cabinet on June 12 gave its approval to the proposed amendments to the India-Syria double taxation avoidance agreement (DTAA). The existing DTAA is in force from 1985. Indian tax authorities have been looking to modify a number of DTAAs that were entered into by India in the eighties. These pacts need to be altered as many do not factor in new concepts and developments such as e-commerce, transfer pricing and mutual agreement procedure (MAP), an alternative dispute resolution mechanism now offered under tax treaties. There has been a significant expansion of global trade in the nineties, requiring a revision to the earlier DTAAs.
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