Foreign Trade - Trends and Policy

Economic Affairs

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Consider the following statements regarding Double taxation avoidance agreement:

1. It is a tax treaty signed between only two countries.

2. It completely wave off tax on income for companies from signatory countries.

3. Mauritius is the biggest contributor of FDI to India in last 15 years because of this agreement.

Which of the statements given above is/are correct?

2 and 3 only

1 and 3 only

3 only

all

Explanation:

A DTAA is a tax treaty signed between two or more countries. Its key objective is that tax-payers in these countries can avoid being taxed twice for the same income. Mauritius accounted for $93.65 billion or one-third of the total FDI flows into India between April 2000 and December 2015.

By: Cammy Garg

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