Recent Indian Tax Treaty Changes Affecting Nonresident Investments into India - Termination of Capital Gains Exemption under the India-Mauritius Tax Treaty

May 12, 2016

India and Mauritius entered into a Protocol amending the double-tax treaty between India and Mauritius (the “2016 Protocol”) on May 10, 2016. Under the 2016 Protocol, following a grace period and subject to a grandfather rule, capital gains earned by a Mauritian resident attributable to shares in an Indian company will be subject to Indian capital gains tax.

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