YS Sujana Chowdary Updates from Rajya Sabha. Questions Debates and Current News
Tuesday, August 23, 2011
Renegotiation Of Tax Treaty With Mauritius
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
QUESTION NO 2233
ANSWERED ON 23.08.2011
Will the Minister of FINANCE be pleased to satate :-
(a) whether Government is renegotiating tax treaty with Mauritius into avoid Double Taxation;
(b) if so, the details thereof;
(c) whether by renegotiation of tax treaty with Mauritius, India will have access to bank details besides tax related information; and
(d) by when the Tax Treaty Agreement will be signed?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
( SHRI S. S. PALANIMANICKAM)
(a) & (b) A Joint Working Group (JWG) cornprisinq members from the Government of India and the Government of Mauritius was constituted in 2006 to inter-alia, put in place adequate safeguards to prevent misuse of the India-Mauritius Double Taxation Avoidance Convention (DTAC). Six rounds of discussions have taken place so far. There was unwillingness on the part of Mauritius to co- operate in addressing this problem. We have now proposed next round of discussion to which Mauritius is yet to respond.
(c) Yes, if Mauritius side agrees to amend the relevant Article on Exchange of Information in the DTAC.
(d) Mauritius is yet to respond. Therefore, it is not possible to fix a time limit for signing the revised treaty.
Will the Minister of FINANCE be pleased to satate :-
(a) whether Government is renegotiating tax treaty with Mauritius into avoid Double Taxation;
(b) if so, the details thereof;
(c) whether by renegotiation of tax treaty with Mauritius, India will have access to bank details besides tax related information; and
(d) by when the Tax Treaty Agreement will be signed?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
( SHRI S. S. PALANIMANICKAM)
(a) & (b) A Joint Working Group (JWG) cornprisinq members from the Government of India and the Government of Mauritius was constituted in 2006 to inter-alia, put in place adequate safeguards to prevent misuse of the India-Mauritius Double Taxation Avoidance Convention (DTAC). Six rounds of discussions have taken place so far. There was unwillingness on the part of Mauritius to co- operate in addressing this problem. We have now proposed next round of discussion to which Mauritius is yet to respond.
(c) Yes, if Mauritius side agrees to amend the relevant Article on Exchange of Information in the DTAC.
(d) Mauritius is yet to respond. Therefore, it is not possible to fix a time limit for signing the revised treaty.
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