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Better economic relations: Oman and India sign protocol to amend double taxation


In an effort to boost bilateral economic relations, Oman and India recently signed an agreement to update protocols to address double taxation and tackle financial evasion related to income taxes. You can find all the details in this article.

The protocol is aimed at bolstering bilateral cooperation in the tax sector. Some of the top exports to Oman by India include petroleum products, processed minerals and basmati rice. India, on the other hand, has purchased fertilizers from Oman, among other things.

Oman and India also agreed to expedite discussions for a Comprehensive Economic Partnership Agreement. This proposed CEPA is going to create a more favourable business environment by reducing or removing tariffs on a large number of products.

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