New Delhi: This is the first time both countries are entering into a DTAA.
The pact also includes certain specific provisions to prevent treaty abuse.
The agreement was signed by Finance Minister P Chidambaram on behalf of the Indian Government and Aiyaz Sayed-Khaiyum, Attorney General and Minister of Justice, Anti-Corruption, Tourism, Industry and Trade on behalf of the Fiji Government.
According to the pact, business profits will be taxable in the source state if the activities of an enterprise constitute a permanent establishment in the source state.
Also, dividends, interest, royalty and fees for technical or professional services will be taxed both in the country of residence and in the country of source.
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