Updated on Tuesday, November 03, 2009, 23:02 IST Tags:

New Delhi: The government on Tuesday said a team of officials will visit Switzerland on November 10 or 11 to hold talks with authorities there on amending a taxation treaty between the two countries.

The proposed discussions on renegotiating the Double Taxation Avoidance Treaty Agreement (DTAA) comes in the backdrop of allegations that Indians have stashed away black money in Swiss banks.

"A team is going on November 10 or 11. We want to amend the DTAA not only with Switzerland but also with other countries.

"A clause will be there (in the amended treaty) seeking information on tax," Finance Minister Pranab Mukherjee told reporters here, when asked about the planned talks with Switzerland on DTAA.

"I will not be going as it is the job of officers," he added.

Last week, Mukherjee had said the talks have been advanced by one month to the second week of November. Earlier, the discussions were scheduled for December.

The renegotiation of the treaty would be done under the OECD Model Tax Convention.

The Organisation for Economic Co-operation and Development (OECD) -- a grouping of mainly rich nations -- sets the international tax standards. Article 26 of the OECD Model Convention on Income and Capital, covers "tax of every kind and description" and allows for exchange of tax-related information between two countries.

Bureau Report