India and Slovenia have signed a Protocol amending the existing Convention and Protocol between the two countries for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income on 17th May, 2016 in Ljubljana. The Protocol was signed by Mr. Sarvajit Chakravarti, Ambassador of India to Slovenia on behalf of India and Mr. Dusan Mramor, the Slovenian Minister of Finance on behalf of Slovenia.

The Protocol will broaden the scope of the existing framework of exchange of tax related information which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.

Did You Know?

• Slovenia is a nation state in southern Central Europe, located at the crossroads of main European cultural and trade routes.
• Historically, the current territory of Slovenia was part of many different state formations, including the Roman Empire and theHoly Roman Empire, followed by the Habsburg Monarchy.
• During World War II, Slovenia was occupied and annexed by Germany,Italy, and Hungary, with a tiny area transferred to the Independent State of Croatia, a Nazi puppet state.
• In June 1991, after the introduction of multi-party representative democracy, Slovenia split from Yugoslavia and became an independent country.
• In 2004, it entered NATO and the European Union; in 2007 became the first former Communist country to join the Eurozone; and in 2010 joined the OECD, a global association of high-income developed countries.