Indian Tax Authorities Amend India-Mauritius Tax Treaty to Combat Treaty Shopping
India's Central Board of Direct Taxes (CBDT) has issued a notification on March 7, 2024, amending the India-Mauritius Tax Convention, originally signed on August 24, 1982, and later revised in 2016.
The new amendment aims to combat treaty shopping, a practice where entities route investments through Mauritius to obtain tax advantages that may not otherwise be available.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure that tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) is intended to prevent entities from using the tax treaty to achieve tax advantages through treaty shopping.
The Principal Purpose Test (PPT) will be used to examine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen the anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to obtain tax advantages through treaty shopping.
The CBDT has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to acquire tax advantages through treaty shopping.
The CBDT has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to achieve tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to achieve tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to attain tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to achieve tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to attain tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to achieve tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to achieve tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to achieve tax advantages through treaty shopping.
The Central Board of Direct Taxes (CBDT) has introduced a Principal Purpose Test (PPT) in the India-Mauritius Tax Treaty to ensure tax benefits are not granted for arrangements or transactions that were primarily designed to secure tax advantages.
The Principal Purpose Test (PPT) will be used to determine if a benefit under the treaty was one of the principal purposes of any arrangement or transaction that resulted in that benefit, unless it is established that granting the benefit in these circumstances would be in line with the objective and purpose of the relevant provisions of the treaty.
The India-Mauritius Tax Treaty has been revised to strengthen anti-avoidance measures.
The new amendment aims to prevent entities from using the treaty to achieve