Taiwan’s ongoing negotiations with India on a double taxation avoidance agreement could yield positive results in the near future, India’s top envoy to Taiwan said on Tuesday, without giving a timeline as to when a deal might be concluded.
“I can only say that things are moving very well. We are finalizing the details in the very, very near future,” Pradeep Kumar Rawat, the director-general of the India-Taipei Association, said in an interview.
Rawat said bilateral talks on the issue have proceeded for almost a decade, adding that both parties were making final preparations within their own governments to usher in the deal.
“Both sides are really moving very positively and in a very, very fast-paced manner to complete these internal arrangements,” he said.
CONFIDENTIAL
The Taxation Agency under the Ministry of Finance refused, to comment on the possibility, however, citing a confidentiality clause within the Regulations Governing the Processing of Treaties and Agreements.
The agency said the clause prohibits any government employees from speaking publicly about an ongoing negotiation of a treaty.
A double-taxation agreement is a convention signed by two countries aimed to relieve persons who would be otherwise subject to income tax in both countries from being taxed twice.
To date, Taiwan has signed double-taxation agreements with 17 countries, including Singapore, Israel, the UK and Australia.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent
Two of Taiwan’s international carriers, Starlux Airlines Co (星宇航空) and EVA Airways Corp (長榮航空), have retained the five-star airline rating awarded by international airline review organization Skytrax. Starlux was awarded the distinction for a second consecutive year, while EVA Air received it for the 11th straight year, Skytrax said in statements released yesterday and on Thursday last week, respectively. The five-star rating is considered one of the airline industry's highest honors and is awarded following professional audits of airline product and frontline service standards, Skytrax said. The ratings are based on in-depth assessments using unified global quality standards rather than customer review scores
Tokyo Electron's Taiwan unit today said in a written response that it respects the judicial process, takes the court ruling seriously and would not appeal in the Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) trade secrets case. Last month, a court fined the Taiwan unit of Japan's Tokyo Electron NT$150 million (US$4.74 million) in a case involving trade secrets related to TSMC's sensitive chip technology.
RSS