K&L Gates LLP (JD Supra India)
India-Mauritius Protocol Seeks to Close Tax Loopholes
Originally published in The Investment Lawyer, Volume 23, Number 9, pages 19–27, September 2016. On May 10, 2016, the Republic of India and the Republic of Mauritius entered into a protocol (the Protocol) amending the India-Mauritius Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion (the Mauritius DTAA). The stated objectives of the...
Investing in India? Take a Look at the Amended India-Mauritius Tax Treaty Before You Do
On May 10, 2016, India and Mauritius signed a protocol amending the India-Mauritius double income tax treaty that would, among other things, permit India to tax a Mauritian resident on capital gains arising from the sale of shares of Indian companies acquired on or after April 1, 2017. Although equity investments made prior to April 1, 2017 will not be subject to the protocol, the protocol will...
Indian Supreme Court Cancels Mining Concessions
On 24 September 2014, the Indian Supreme Court cancelled 214 out of the 218 existing coal-mining licenses. The only mining licences which were not cancelled were four coal blocks made to Government controlled undertakings linked to major state power projects, and which did not involve a joint venture with a private company.