14 August 2016

India: Government notifies revised tax treaty with Mauritius

Under the amended treaty with Mauritius, for two years beginning 1 April 2017, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate. Full rate will apply from 1 April 2019. As per the revised treaty, investments made prior to 1 April 2017, will be protected from new tax provisions.

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