India and Mauritius are set to begin a fresh round of negotiations to amend their double tax avoidance agreement (DTAA). Photo: PTINew Delhi: India and Mauritius are set to begin a fresh round of negotiations to amend their double tax avoidance agreement (DTAA) to ensure that capital flows into India meet the latest global standards meant to check aggressive tax planning. India, which was an active participant in drafting the multilateral treaty, adopted it in June in Paris but when Mauritius joined the club a month later, it kept the bilateral treaty with India outside the scope of the multilateral deal. “We have to work with Mauritius to amend the DTAA and prevent treaty abuse,” said one of the two cited above. An email sent on Friday evening to the ministry of finance and economic development of Mauritius, which signed the multilateral agreement, remained unanswered.

Source: Mint August 27, 2017 16:52 UTC