Q. Which country has decided to amend the Double Taxation Avoidance Agreement (DTAA) with India?
Answer:
Mauritius
Notes: The Mauritius Government is set to amend its Double Taxation Avoidance Agreement (DTAA) with India to align with OECD's Base Erosion and Profit Shifting proposal. The DTAA is a treaty preventing non-residents from paying double taxes. India has signed DTAA with 85 nations, aiming to prevent double taxation for non-resident Indians. The historic India-Mauritius DTAA, signed in 1983, has facilitated over $160 billion in foreign investments. The amendment's primary objective is to curb tax avoidance, elevating the treaty to a covered tax agreement under BEPS MLI.