2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which two countries have won the Organization for Economic Co-operation and Development Mutual Agreement 2019 Award?
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India-Australia
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India-china
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India-USA
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India-Japan
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Explanation:
Detailed explanation-1: -Mutual Agreement Procedure (“MAP”) is a dispute resolution process in which the competent authority in Nigeria and the foreign competent authority (“CA”) settle tax disputes affecting a taxpayer. The issues may be double taxation of a taxpayer and the interpretation and application of a specific Tax Treaty.
Detailed explanation-2: -MAP is an alternative available to taxpay- ers for resolving disputes giving rise to double taxation whether juridical or economic in nature. The agreement for avoidance of double taxation between the countries would give authorization for assistance of Competent Authorities in the respective jurisdiction under MAP.
There is 1 question to complete.