Given the current situation, in this edition of Evolve Tax News, we propose to share with you COVID-19 related articles.
In this edition, we highlight the pandemic impact on tax treaty in relation to the creation of permanent establishment, cross border workers/ construction activities led by multinational enterprises as well as on effective management of enterprises in light of lockdown restrictions in several countries.
We also share our views on the supportive measures recommended by Organisation for Economic Co-operation and Development ('OECD') as a response to COVID-19 pandemic and the sectorial measures taken in Mauritius. We update you on a key development to the Mauritius Funds following the amendment to the Securities and Exchange Board of India (‘SEBI’) Foreign Portfolio Investors (‘FPI’) Regulations 2019.
We wish you a happy reading! Continue to stay safe.
The Tax Team
Impact of COVID-19 on international taxation – Guidelines of the OECD
Containment measures related to COVID-19 are impacting every aspects of our life. This unprecedented situation also raises tax issues that could impact the interpretation of tax treaties and how the right to tax is allocated between countries.
Tax measures recommended by OECD as response to COVID-19 pandemic and corresponding Mauritian Government supportive measures announced
The OECD has on 20 March 2020 suggested potential tax policy responses to the COVID-19 pandemic with a view to limit damage to productive potential and protecting the vulnerable. We shall soon update you on the additional measures when the COVID-19 Bill will be enacted.
Eligibility of Mauritius Based Funds for registration as Category I FPI in India
In April 2020, the Minister of Finance of India has amended the Securities and Exchange Board of India (‘SEBI’) Foreign Portfolio Investors (‘FPI’) Regulations 2019 (‘The Regulations’) so that Mauritius Funds can now be registered as Category I FPI in India
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