Updates on India’s Tax Treaties With Mauritius and Its Impact on the India-Singapore Tax Treaty

    View Authors October 2016

    The Government of India notified a protocol on 10 August 2016 (the ”India-Mauritius Protocol”) amending a 33-year-old tax treaty with Mauritius (the “India-Mauritius treaty”) that had exempted the island’s investors from capital gains tax on investments in India. The exemption encouraged foreign funds and companies to route investments into India through Mauritius, impeding India’s efforts to increase tax revenues.

    The article gives more details on the new protocol as well as analysis of the impact on both Singapore and Mauritius.