Black Money – Domestic and International Efforts

Cabinet clears revised India-Cyprus DTAA

  1. DTAA: Double Taxation Avoidance Agreement
  2. Impact: Will give India the right to tax capital gains on investments routed through Cyprus prospectively from April 1, 2017
  3. Cyprus: Considered a haven for money laundering, round-tripping, and profit-shifting
  4. Context: Strengthening DTAAs- India recently revised DTAA with Mauritius & is in the process of revising its treaty with Singapore
Notify of
Inline Feedbacks
View all comments