Mauritius gives stability to tax deal with India

Mauritius has not included India in its global tax treaty, removing uncertainties in the minds of taxpayers over provisions of the double taxation avoidance agreement (DTAA) between the two countries.

The island country has signed a Multilateral Instrument (MLI) to implement tax treaty-related measures to prevent base erosion and profit sharing (BEPS). It, however, excluded India from this.

This has allayed fears among investors that the MLI could have overridden some of the provisions of the DTAA, says Amit Maheshwari of accountants Ashok Maheshwary and Associates.

India and Mauritius had amended their DTAA last year, to give Delhi the right