PROTOCOL AMENDING THE INDIA - MAURITIUS TAX TREATY

Published On: 01/05/2016

Authors:

Kartik Ganapathy
On May 10, 2016, India and Mauritius signed the protocol (the “Amendment Protocol”) amending the Treaty for Avoidance of Double Taxation and Prevention of Fiscal Evasion dated August 26, 1982 (the “Treaty”). The Amendment Protocol intends to tackle issues of treaty abuse, round tripping of funds and curb revenue loss. The key change that will raise investor’s eyebrows is the imposition of a capital gains tax on the sale of shares by a Mauritian company holding shares in an Indian company.

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