A foreign company can benefit from tax exemptions in Russia if it provides relevant evidence that it is already paying taxes in the country that is part of the contracts. Information exchange contracts are signed between countries. Each year, the signatory states exchange lists of investors claiming to be exempt from different taxes on the basis of double taxation agreements. This list needs to be carefully considered and additional documents may be requested by investors. Example of benefit from the double taxation convention: Suppose interest on NRAs [clarification required] bank deposits draw 30 percent tax deduction at source in India. Since India has signed agreements with several countries to avoid double taxation, the tax can only be deducted at 10-15% instead of 30%. In recent years [when?], the evolution of foreign investment by Chinese companies has increased rapidly and has developed quite influentially. As a result, cross-border tax treatment is becoming one of China`s major financial and commercial projects, and cross-border tax problems are growing. In order to solve these problems, multilateral tax treaties between countries that can legally help businesses on both sides avoid double taxation and find solutions to tax issues are put in place. In order to implement China`s “comprehensive” strategy and to help domestic companies adapt to globalization, China has committed to promoting and signing multilateral tax agreements with other countries in order to achieve common interests. At the end of November 2016, China officially signed 102 double taxation agreements. 98 of them have already come into force. In addition, China has signed an agreement to avoid double taxation with Hong Kong and the Macao Special Administrative Region.
China also signed an agreement in August 2015 to avoid double taxation with Taiwan, which has not yet entered into force. According to the Chinese tax administration, the first agreement to avoid double taxation was signed with Japan in September 1983.