As a part of Government’s continuous effort to tackle the menace of base erosion and profit shifting (BEPS), India and Mauritius yesterday, in Port Louis, signed a Protocol amending the Double Taxation Avoidance Agreement (DTAA) between both the countries. More specifically, the DTAA will prevent tax avoidance with respect to taxes on income and capital gains. The amended tax regime will also apply to capital gains of Singapore-based companies, due to direct linkage of Singapore DTAA clause (Article 6) with Mauritius DTAA. BEPS refers to tax planning strategies which exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax […]
The post Capital gains now a part of India-Mauritius tax treaty
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