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Photo: Nataliya Vaitkevich

India renegotiates Mauritius, Singapore, Cyprus treaties to reclaim capital gains tax

India is renegotiating tax treaties with Mauritius, Singapore and Cyprus to restore its right to levy capital gains tax, as Finance Minister Nirmala Sitharaman pushes for a tax policy debate.

By SamacharDaily Editorial Team • • 1 min read

India is renegotiating its tax treaties with Mauritius, Singapore and Cyprus to restore its right to tax capital gains, as reported by The Times of India.

Finance Minister Nirmala Sitharaman said the effort should be framed within a mature tax policy debate that prioritises national interest and urged that independent tax‑policy research become part of the public discourse.

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Industry commentators, referenced by News On AIR FM and ThePrint, urged companies to look beyond rate cuts, focusing on compliance and revenue, and called on experts to make the case for the substantive elements of the tax framework.

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Why This Matters

Restoring the ability to tax capital gains through treaty revisions could increase government revenue and curb profit‑shifting, aligning with the stated national‑interest agenda. The push for independent research and a compliance‑focused industry stance signals a shift from simple rate cuts toward a more sustainable fiscal strategy, affecting investors, multinational firms and the broader Indian economy.

Reporting based on verified dispatches from Google News. View primary release ↗
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