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The Economic Times

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India tightens Sri Lanka tax treaty with anti-abuse rule

India has amended its tax treaty with Sri Lanka to introduce a Principal Purpose Test (PPT), allowing authorities to deny treaty benefits where tax advantage is a key objective of an arrangement. Effective for income from FY28, the change targets treaty shopping and aligns the DTAA with global anti-tax avoidance standards.

18 Jul 2026 1:02 pm