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India, Mauritius Sign Protocol To Amend Tax Treaty; Initiates Principal Purpose Test

by Index Investing News
April 11, 2024
in Financial
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AKM Global Head of Tax Market Yeeshu Sehgal said the PPT will have the effect of denying treaty benefits, such as the reduction of withholding tax on interest royalties and dividends, where it is reasonable to conclude, having regard to all relevant facts and circumstances, that obtaining that treaty benefit is one of the principal purposes of the party seeking to rely on the said treaty.





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Tags: AmendIndiainitiatesMauritiusPrincipalProtocolPurposeSignTaxTestTreaty
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