Offshore: Mauritius Defends the Measures for the Integrity of the Treaty Signed with India

This package should take into account the concerns of India while not calling into question the mutual benefit of the Treaty. This is what meets the Ministry of Finance in Port Louis to the incessant demands of the Great Peninsula to make changes to the tax treaty.

India is particularly concerned tax evasion and round tripping is the use of the treaty by Indian companies to use Mauritius to invest in their own companies or listed companies in Mumbai.

Port Louis has made concrete proposals to reassure the Indian authorities while not calling into question the mutual benefit of the agreement, the Department argues Xavier-Luc Duval. The Ministry of Finance expressed optimism that common ground benefit both countries can be found.

Port Louis also shows that the court in Mauritius is a substance regulated by the Financial Services Commission (FSC). The Mauritian offshore adopted standards and best practices internationally.

The Ministry of Finance reported that he had heard that foreign investors are advised to use another court as ours to invest in India. If true, this is bad advice, ensures Port Louis.

First, the Indian government has not yet decided on a final version of its budget. Then, officials of the Indian Ministry of Finance told the press in this country that the budget provisions will not call into question the Tax Residency Certificate issued by Mauritius offshore companies. This document is essential to take advantage of processed offshore.

The Ministry of Finance of Port-Louis said that concrete proposals were made to resolve the issues in dispute with New Delhi.

Port Louis also recalls that Maurice has no tax treaty as a unique advantage. There are sector maturity and professionalism of practitioners Mauritius.

The Department of Finance argues that the new law in preparation in India to circumvent tax treaties will create uncertainty for foreign investors could put a strain on the flow of foreign capital flowing in Port Louis to New Delhi.

There are platforms for exchanges between our two countries and Mauritius hosted an Indian official based in Mauritius to monitor offshore.