close

Newsroom

Foreign Private Equity investing in India through debt provides new opportunities for the Mauritius jurisdiction

12th December 2016

MGI World MGI Worldwide accounting network member Baines Trust and Corporate Services logo

Mauritius members, Baines Trust and Corporate publish a fact sheet explaining why Mauritius offers a definite advantage for Private Equity Funds looking to invest in Listed Debt Securities in India.

Last May, India signed the protocol amending the Double Tax Avoidance Agreement (DTAA) with Mauritius, giving India the right to tax capital gains arising from sale or transfer of shares of an Indian company acquired by a Mauritian tax resident from 1st April 2017. 

Private Equity Investment in India

Earlier, only Mauritius could levy tax on capital gains and since there is no capital gains tax in Mauritius, a large number of foreign entities routed their investments in India through Mauritius. In fact, between April 2000 and December 2015, Mauritius accounted for $93.66 billion or 34% of the total foreign direct investment of $278 billion in India. 

To read the full fact sheet see HERE

MGI Worldwide is a top 20 ranked global accounting network with some 5,000 independent auditors, accountants and tax experts in over 250 locations around the world. Baines Trust and Corporate is one of MGI Worldwide's newest members. 

Read more on Member white papers and Africa

MGI World Map of Africa with text and profile photo overlaid

Heard the latest news from MGI Africa? Watch a recording of the Africa Region update, as presented at the 2020 Virtual Global Meeting

20th January 2021

If you missed the live event, it’s not too late to hear an update on what’s happening within the...

MGI World Lantern with text and logo overlay How To Close A Company In China

As COVID-19 continues to hit businesses around the world, Beijing member firm provides detailed guidance on how to close a company in China

30th November 2020

With the global economy taking a hit due to this year’s pandemic and businesses around the world...

MGI World Body of water with Middle-Eastern city in background with text overlay

Sultanate of Oman to introduce VAT from April 2021: Muscat-based MGI Vision Chartered Accountants provides details in NEW white paper

26th November 2020

Issued by Royal Decree in October 2020, the Sultanate of Oman has announced the introduction of...