Multiple choice

The Double Taxation Avoidance Convention (DTAC) pact was signed between

  1. India and China

  2. India, Serbia and Montenegro

  3. Australia and China

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Double Taxation Avoidance Convention (DTAC) was signed between India, Serbia, and Montenegro in 2008. This agreement was signed when Serbia and Montenegro were a single state (State Union of Serbia and Montenegro). The agreement came into force in 2010 and aims to prevent fiscal evasion and double taxation of income in both countries. Such agreements are bilateral treaties that allocate taxing rights between signatory nations.

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