Tuesday March 20, 2018
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Indian detained in China, government seeks report from China mission

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New Delhi: The government has sought a report from the Indian embassy in Beijing regarding an Indian national who was detained in the Chinese city of Shenzhen.

“I have asked for a report from our embassy in China,” External Affairs Minister Sushma Swaraj tweeted on Friday.

She was responding to a tweet which said that an Indian businessman who was working in Shenzhen with a resident permit and a business license was taken by police on Tuesday.

“Wife has been released after questioning, but my friend is detained with a notice of 30 days,” the tweet said.

The tweet also said that the businessman’s wife was alone in Shenzhen and the Chinese authorities were not allowing her to contact him. (IANS)

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India, Hong Kong sign double tax agreement

The agreement is "for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income"

  • India and Hong Kong signed an agreement
  • The agreement is about prevention of double tax
  • This will help in curbing the taxes

India and Hong Kong on Monday signed an agreement to avoid double taxation and prevent tax evasion.

India’s Ambassador to China Gautam Bamabwale and Hong Kong’s Financial Secretary Paul Chan Mo signed the treaty.

A former British colony, Hong Kong is a special administrative region of China which enjoys a high degree of autonomy under which it has an independent taxation system.

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This move will prevent double taxation. Wikimedia Commons

The agreement is “for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income”, the Indian Embassy in Beijing said.

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“This agreement will stimulate the flow of investment, technology and personnel from India to Hong Kong Special Administrative Region and vice versa, prevent double taxation and provide for the exchange of information between the two contracting parties,” the statement said. “It will improve transparency in tax matters and will help curb tax evasion and tax avoidance,” it added. IANS

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