Originally published in The Investment Lawyer, Volume 23, Number 9, pages 19–27, September 2016.
On May 10, 2016, the Republic of India and the Republic of Mauritius entered into a protocol (the Protocol) amending the India-Mauritius Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion (the Mauritius DTAA). The stated objectives of the Protocol were to “tackle the long pending issues of treaty abuse and round tripping of funds attributed to the India-Mauritius treaty, curb revenue loss, prevent double nontaxation, streamline the flow of investment ... stimulate the flow of exchange of information between India and Mauritius ... improve transparency in tax matters and ... help curb tax evasion and tax avoidance.”
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