Tax Havens Notified for Purpose of Double Taxation Avoidance and Prevention of Fiscal Evasion
THE Central Government has notified the following territories outside India as ‘specified territory' in terms of Explanation 2 to Section 90 of the IT Act, 1961. They are as follows:
(i) | Bermuda | a British Overseas Territory |
(ii) | British Virgin Islands | a British Overseas Territory |
(iii) | Cayman Islands | a British Overseas Territory |
(iv) | Gibraltar | a British Overseas Territory |
(v) | Guernsey | a British Crown Dependency |
(vi) | Isle of Man | a British Crown Dependency |
(vii) | Jersey | a British Crown Dependency |
(viii) | Netherlands Antilles | an Autonomous Part of the Kingdom of Netherlands |
(ix) | Macau | a Special Administrative Region of The People's Republic of China |
Notification No. 22, Dated April 8, 2010