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India and Maldives have signed six agreements in several fields with tourism being one of them. One agreement seeks to avoid double taxation of income derived from international air transport. The object of the agreement is that profits from the operation of aircraft in international traffic will be taxed in one country alone and accordingly the taxing right is conferred upon the country to which the enterprise belongs. The agreement will provide tax certainty for airline enterprises of India and Maldives.
A memorandum of understanding (MoU) envisages cooperation in the area of tourism. This includes expansion of bilateral cooperation, exchange of information and data related to tourism, encouraging cooperation between tourism stakeholders including hotels and tour operators, establishing exchange programmes for cooperation in human resource development and investment in the tourism and hospitality sectors.
The MoU also provides for exchanging visits of tour operators, media and opinion makers for promotion of two-way tourism, exchange of experience in the areas of promotion, marketing, destination development and management, participation in travel fairs and exhibitions in each other’s country and promotion of safe, honourable and sustainable tourism.
Source: travelnewsdigest.in