Cabinet has taken note that the delegation led by the Minister of Financial Services, Good Governance and Institutional Reforms to India has successfully finalized the pending issues on the Double Taxation Avoidance Convention, as well as a protocol amending the Convention between India and Mauritius for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains.
Cabinet has further taken note that, for the past nine years since 2006, the former Government could not resolve those issues in spite of the 10 meetings held by the Joint Working Group set up with a view to addressing issues relating to the misuse of the Double Taxation Agreement and the strengthening of the mechanism of the Exchange of Information.
Cabinet has agreed to the signing of the protocol following the completion of internal procedures by both sides.
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