India-Mauritius Tax Protocol 2016: Key Amendments on Double Taxation, Capital Gains, and Information Exchange.

A Protocol amending the 1982 tax agreement between India and Mauritius was signed on May 10, 2016, and entered into force on July 19, 2016. The Protocol revises several articles of the original agreement to prevent double taxation and fiscal evasion, and to encourage trade and investment. Key amendments include changes to the definitions and taxation of permanent establishments, interest, technical services fees, and capital gains. It introduces new provisions for the exchange of information and assistance in tax collection. The Protocol also includes a limitation of benefits clause to prevent misuse by shell or conduit companies.

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