PwC says older India-Mauritius investments stay protected
In short
PwC’s Kunal Shah said the new India-Mauritius anti-tax avoidance rule will apply only to future treaty claims. He said investments made before April 1, 2017 will keep the same tax treatment.
This matters to investors using the treaty, because older investments stay protected. The reporting does not say how many people are affected or whether any new cases are expected.
What the reporting says
PwC’s Kunal Shah said the new anti-tax avoidance rule under the India-Mauritius tax treaty will apply to future treaty claims. The publisher summary says investments made before April 1, 2017 will not change tax treatment under the new rule. The reporting does not state how many investors are affected or whether any disputes are expected.
Why it matters
PwC’s Kunal Shah says the new anti-tax avoidance rule in the India-Mauritius tax treaty applies to future treaty claims and does not change the tax treatment of investments made before April 1, 2017. That makes the distinction important for existing investors and newer cross-border structures. The summary does not provide the number of affected holdings or any enforcement timeline.