India, Mauritius sign protocol to amend tax treaty

India, Mauritius sign protocol to amend tax treaty

Daily Current Affairs / India, Mauritius sign protocol to amend tax treaty

Change Language English Hindi

Category : International Published on: April 17 2024

Share on facebook

India has signed a protocol amending the Double Taxation Avoidance Agreement (DTAA) with Mauritius to prevent misuse of the treaty for tax evasion or avoidance.
The amended agreement includes what is called the principal purpose test (PPT), which essentially stipulates that tax benefits under the treaty will not apply if it is established that obtaining a duty benefit is a reason for any transaction. Was the main objective or system.
The new protocol on DTAA was signed on March 7 this year. The latest amendment includes a Principal Purpose Test (PPT) to decide whether a foreign investor is genuinely eligible for treaty benefits, or whether the primary reason for routing the investment through Mauritius was tax benefits.

Recent Post's

Jasprit Bumrah and Smriti Mandhana named world's top cricketers in Wisden 2025.
Read More....
India declares state mourning for Pope Francis with flags at half-mast.
Read More....
Minors aged 10+ can now open and operate bank accounts independently: RBI.
Read More....
Poonawalla Fincorp and MobiKwik partner to offer instant personal loans via ZIP EMI.
Read More....
Simranpreet Kaur wins silver in 25m pistol at ISSF World Cup.
Read More....
Rohit, Kohli retain top BCCI contract; Iyer and Kishan return to contract list.
Read More....
26 killed in Pahalgam terror attack during tourist visit.
Read More....
LG Electronics pauses IPO plans for Indian unit due to lower expected valuation.
Read More....
Earth Day celebrated globally; 'Save Earth Conclave' inaugurated by Amit Shah.
Read More....
Air India to acquire Boeing planes originally meant for Chinese carriers.
Read More....