Social Security
Agreement between India and Japan:
The Social Security
Agreement between India and Japan was signed on 16 November 2012. The Agreement
was expected to enter into force in December 2014. However, it seems that the
entry into force of the Agreement may be delayed due to continued discussions between
the Japanese and Indian authorities
specifically due to recent changes in the
Provident Fund and Pension Scheme effective 1 September 2014.
Social Security Agreement between India and Australia:
The Social Security
Agreement between India and Australia has been signed today (18 November 2014).
However, currently there is no official confirmation regarding the likely date
of entry into force of the Agreement.
Once the Agreement comes into force, subject to
conditions, it may allow exemption from the host country social security
contributions and export of benefits to the home country. Thus, the Agreement
has the potential to provide major social security cost savings for employers
having globally mobile employees between India and Australia.
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