foreign inflow from Mauritius in 2016 -17 stood at $15.72 bn whereas that of Singapore read $8.71 bn
After announcing last year that it was willing to revive talks on a trade pact with India, Prime Minister of Mauritius Pravind Kumar Jugnauth had expressed hope of its completion.In India on a bilateral visit, Jugnauth on Friday said the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) builds on the successful renegotiation of the double-taxation avoidance agreement (DTAA).After long drawn negotiations, the amendment to the 1983 Double Taxation Avoidance Convention (DTAC) was signed by India and Mauritius last May. With the changes, India can impose capital gains tax on investments routed through Mauritius.While the draft of the CECPA is expected to be ready by the mid part of the year, it may be completed by the year end, Dnyaneshwar Mulay, Secretary ( Consular, Passport, Visa and Overseas Indian Affairs departments) at External Affairs Ministry said.The gamut of India's relation with the island nation off the coast of Africa revolves around investment and ...
India in May reworked its tax agreement with Mauritius to introduce a levy to prevent investors using the island nation as a shelter to avoid taxes
Minister of Finance and Economic Development Pravind Jugnauth has said that Mauritius would revive talks with India on CECPA
With this move Centre hopes there is uniformity on capital gains tax with regard to investments
Analysts warn India is likely to expand its crackdown on tax treaties and make it harder for investors to shop around for new havens
Mauritius wanted extension of the benefits limitation clause in India's treaty with Singapore, which we were quite willing to extend, for our price