Executive summary
On 7 March 2024, India and Mauritius signed a Protocol amending the double-taxation avoidance agreement signed between India and Mauritius (India-Mauritius tax treaty).
The Protocol proposes to replace the Preamble to specifically provide that the intention of the tax treaty is to avoid double taxation without creating opportunities of non-taxation or reduced taxation through tax evasion/tax avoidance (including on account of treaty shopping, etc.).
The Protocol also proposes to i…