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What is Mauritius FIIs Face GAAR Compliance Issues about?

Over a dozen Mauritius-based foreign institutional investors are operating through "impermissible arrangements" that would violate upcoming General Anti-Avoidance Rules. Thirteen investors were found to be carrying out operations from Mauritius in India in ways not allowed. The new GAAR rules aimed at stopping tax evasion by foreign investors will now take effect in April 2013 instead of 2012, giving these investors time to make their arrangements compliant. The Indian government is trying to renegotiate it

Author

Mahesh Kumar Yadav

Language

EN