Double Tax Treaty between Cyprus and India aligns Mauritiuswith Cyprus

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From April 1st, 2017 capital gains derived from Indian investment products to Cyprus companies in India will be imposed with the necessary withholding tax in India. These regulations associate Cyprus and Mauritius. Before April 1st, 2017, Cyprus residents were free to sell assets in India without the necessity to pay withholding tax from capital gains.

Unfortunately, Cyprus failed to become the ‘gates’ to India, like Russia did…