In recent changes Mauritius has put in place safeguards for global business companies to minimize the perception that the country is used as a route for avoiding taxes for foreign investments into India.
In recent changes Mauritius has put in place safeguards for global business companies to minimize the perception that the country is used as a route for avoiding taxes for foreign investments into India. This move also comes in order help build status as a preferred global financial centre.
Mauritius has introduced 'greater substance requirements' for global business companies. This would ensure that such companies have substantial presence in the country, and that such companies do not use the jurisdiction as a mere 'proxy address' to benefit from tax treaties.
Most foreign companies operating in the region use the Global Business Category 1 (GBC-1) channel to make investments in India and other countries via Mauritius. The new requirements may give rise to increased economic activity between these companies and the local economy.
Mauritius has also agreed to include 'limitation of benefits' (LOB) rules in the tax treaty with India, and finalized Tax Information and Exchange Agreement (TIEA).
For more information about doing business overseas or to know more about our international tax and compliance services please contact us.
Subscribe to regular International Data Privacy Compliance alerts from Nair & Co.
Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.
About Nair & Co.
Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com
Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at email@example.com or call Yvonne Smith at +1.408.501.8867