Social security agreement between Denmark and India(Taxwatch (Tax news in english))
24-02-2010 07:25
Af
Annie Baare
On February 17, 2010 Denmark and India has signed a social security agreement to protect their workers in either country against double payment of social security contributions.
According to the agreement, workers they will be subject to the social security seconded by Danish resident parent companies to their Indian subsidiaries, or seconded by Indian resident parent companies to their Danish subsidiaries are exempt from social security contribution under the host country legislation. Consequently, regulations of their home country.
The agreement also provides for portability of the benefits at the time of relocation to home country or any third country.
The agreement will also help enhance trade and investment between the two nations on account of reduction of corporate expenses on social security and would ensure social protection of migrant professionals.
The two countries will set up a joint working group to operationalize the agreement.
Questions can be addressed to Annie Baare at aeb@bdo.dk
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