en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
NEWS

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
Newsletters
5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
2017.07.26
HUF 0.0038
GBP 1.3036
CHF 1.057
RUB 0.0167
HKD 0.1281
JPY 0.009
CNY 0.1482
CAD 0.7987
AUD 0.7945
BRL 0.3187
EUR 1.1648

NEWS

Mauritius and India agree to amend DTA


13/12/2013

Mauritius has agreed to include a limitation of benefits (LOB) clause in its revised tax treaty with India.

While specific details of this clause in the India-Mauritius tax treaty are being ironed out, LOB clauses are typically aimed at preventing treaty shopping or inappropriate use of tax pacts by third-country investors. The LOB clause limits treaty benefits to those who meet certain conditions including those related to business, residency and investment commitments of the entity seeking benefit of a Double Taxation Avoidance Agreement.

“Mauritius and India have agreed on the principle of including a limitation of benefits clause in the treaty,” the island nation’s Financial Services Commission Chairman Marc Hein told. “This LOB clause will have the effect of bringing even more substance to companies which want to be tax resident in Mauritius.”

www.intax-info.com

Top