Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: cpt :: due date for vat payment :: form 3cd :: VAT RATES :: empanelment :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
 
 
General »
 Simplified one page Income Tax Return Form: Changes to keep in mind before filing tax return for AY2017-18
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 GST coming July 1 despite calls for delay: Revenue Secretary Hasmukh Adhia
 Centre introduces provision of taxation on NPS in Income Tax Act
 Income Tax Department Clarifies On Cash Withdrawal From Banks, Post Offices
 The Goods And Services Tax (Compensation To States) Bill, 2017
  Goods and Service Tax (GST) and Real Estate Sector
 New Income Tax Rules On Home Loan Come Into Effect
 Here's how late filers can save on stress and taxes
 Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib ?Kalyan Yojana, 2016
 Companies should invest in upgradation of tax technology

Resolve Indo-Mauritius tax issues to boost sentiments: FSC
July, 08th 2014

Seeking to dispel concerns about Mauritius being used for round-tripping of Indian money, the island nation's financial sector watchdog has sought a quick resolution of tax related issues between the two countries.

Indian-origin Rajeshsharma Ramloll, who took charge as Chairperson of Financial Services Commission (FSC) last month, said that a quick resolution of issues related to Indo- Mauritius tax treaty would not only benefit the two nations but also boost investor confidence and ensure certainty.

Amid apprehensions in India that Mauritius is being used for money laundering activities, proposed revisions to the bilateral tax treaty has been hanging fire for a long time.

"The issues relating to the Indo-Mauritius tax treaty need to be resolved quickly. A quick resolution will not only benefit both countries, but also ensure the certainty, clarity and predictability and boost investor confidence... That are much required for both countries," Ramloll told PTI.

Stressing that Mauritius has taken many steps to address India's concerns, Ramloll said the island nation is an economical as well as an efficient route for making investments into India.

He said that Mauritius provides stability, predictability and security for investors besides value added services.

"For this reason, I believe that companies using Mauritius to invest in India do not do so only because of the DTAC (Double Taxation Avoidance Convention) but because Mauritius is a respectable and competitive International Financial Centre providing total packaged financial services," Ramloll said.

Set up in 2001, FSC is the integrated regulator for all non-banking financial services and global business sectors in Mauritius, which has been a major route for foreign investments coming into India.

Foreign Direct Investment (FDI) equity inflows from Mauritius to India touched $78.525 billion during April 2000-March 2014 period.

Besides DTAC, both nations have Bilateral Investment Promotion and Protection Agreement. India has been the largest exporter of goods and services to Mauritius since 2007.

Elaborating on measures in place to address the concerns, he said that more stringent licensing conditions have been put in place to ensure that Indian sourced funds are not re- invested in India through Mauritius to prevent round tripping.

For better exchange of information between the two nations, an Indian Revenue Department officer has been posted at the High Commission in Port Louis, he added.

During his visit here in May, Indian-origin Prime Minister Navin Ramgoolam had said the island nation has decided to provide automatic exchange of tax related information with India.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions