Following Mauritius, Cyprus has officially become the second country with which India has renegotiated the double taxation avoidance agreement (DTAA) allowing Indian authorities to tax capital gains on investments routed through the country. The amended DTAA will also grandfather investments made up till April 1, 2017. A statement [pdf] put up on the Cypriot finance ministry’s website late on Thursday reads, “On June 29th, 2016, the negotiation on the Double Taxation Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income between Cyprus and India has been successfully completed, in New Delhi. The […]
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