💰 PPT Shouldnt be a Matter of Concern
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
Mauritius approved the India-Mauritius Double Taxation Avoidance Agreement Protocol on July 17. This decision introduces a principal purpose test to prevent tax evasion and treaty shopping. Genuine investors undertaking real economic activity should not be concerned about this change. The treaty benefits will continue to support real investment and business activities in Mauritius. This maintains the treaty framework's credibility in line with international standards.
Key points
- Mauritius approved the India-Mauritius Double Taxation Avoidance Agreement Protocol on July 17.
- This decision introduces a principal purpose test to prevent tax evasion and treaty shopping.
- Genuine investors undertaking real economic activity should not be concerned about this change.
- The treaty benefits will continue to support real investment and business activities in Mauritius.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #business
- #shouldn
- #matter