November 27, 2012 9:57 AM

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India Sweden ink social security agreement;will aid workers against double taxation

India and Sweden have signed a social security agreement that will relieve their workers from double taxation and provide for co-operation in areas of labour market expansion and orderly migration. The agreement was signed by Overseas Indian Affairs Minister Vayalar Ravi and Sweden's Minister for Social Security Ulf Kristersson yesterday. Under the agreement, India workers on short-term contracts of up to two years will not be required to make any social security contribution in Sweden provided they continue to make social security payments India. The relief will be available to Indian workers even if an Indian company sends its employees to Sweden from a third country. Officials said similar relaxation will be provided to Swedish citizens working in India. As per the pact, Indian workers and self- employed Indians will be entitled to export of the benefits on their relocation to India. Mr. Ravi said, the government of India has taken the initiative to enagage in dialouges with different European countries to avoid double taxation and enable people to go and work there.

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