What Does the New India-Mauritius Tax Treaty Mean for Multinationals?

For many years, multinationals have structured transactions with India through Mauritius, relying on the India-Mauritius tax treaty to provide benefits. But change is coming in the form of a new principal purpose test which will soon be added to the treaty. While that change will certainly affect future tax planning, it will likely also affect deals already made. In this Talking Points, Harshita Jain explains the recent history of the India-Mauritius treaty, previews the coming change and explains what companies should know in order to adapt.