India and Mauritius: President's visit
Three memorandums of understanding (MoUs) for cooperation in the field of persons with disabilities and senior citizens, health and medicine and tourism were signed during the visit.
President Pranab Mukherjee raises a toast with Prime Minister of Mauritius Navinchandra Ramgoolam during a banquet as his wife Veena Ramgoolam looks on, at Port Luis in Mauritius on Monday. — PTI
It was also agreed to find a solution of differences in Double Taxation Avoidance Conventio (DTAC) permitting investments with tax breaks. The tax agreement is in force since 1980 and popularly called 'Mauritius route" has drawn considerable investment in India ( around USD 55 Billion in last ten years). it has helped Mauitius in developed of its fincial services as capital gains can be taxed only in Mauritius.
No comments:
Post a Comment