The Ministry of Finance announced Thursday that China and India have signed agreement to avoid double taxation and to prevent fiscal evasion. The agreement will go into effect June 7.
The new convention will lower the applicable tax rate for dividends and interests from 10 % to15 %, the current value.
Rules for tax exemptions on pensions and other incomes is not attached to the amended convention, but it is granted under the convention between Japan and the United States.