Recently, the Government of India and the Government of Mauritius signed a protocol for amending the Double Taxation Avoidance Agreement between the two nations (Mauritius tax treaty). A Press Release summarising the amendments to the Mauritius tax treaty was issued by the Central Board of Direct Taxes on 10 May 2016. 

The Mauritius tax treaty has been amended to provide source-based taxation for capital gains on shares.  This will impact many real estate investors in India who have historically relied on the treaty to protect them from Indian capital gains tax on exit.

As a consequence of this amendment, the Double Taxation Avoidance Agreement executed between India and Singapore will also be impacted as the exclusive taxing rights granted to the resident state under the said convention are co-terminus with the Mauritius tax treaty.

At this webinar, Mr Sunil Badala of KPMG will give an update on the tax treaty and answer any questions you might have.