This week saw the signing off of a significant amendment to our Double Tax Avoidance Agreement with India dating back to 1983. Mauritius’ Global Business sector is still reeling from the unexpected concession made by us in this regard. The ‘coup’ is programmed to start hurting the sector immediately by changing international investors’ perception of Mauritius at first. The final blow is programmed to be delivered as from 1st April 2017. Thereafter, it is India which takes over the right the DTAA conferred on us to charge capital gains tax on investments made by companies resident in Mauritius investing in India.