India
A. Progress in the implementation of the minimum standard
India has 95 tax agreements in force as reported in its response to the Peer Review questionnaire. Forty-two of those agreements comply with the minimum standard.
India signed the MLI in 2017 and deposited its instrument of ratification on 25 June 2019, listing its non-compliant agreements. The MLI entered into force for India on 1 October 2019. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
India is implementing the minimum standard through the inclusion of the preamble statement and the PPT combined with the LOB.1
← 1. For its agreements listed under the MLI, India is implementing the preamble statement (Article 6 of the MLI), the PPT (Article 7 of the MLI) and the simplified LOB (Article 7(6) of the MLI). India expressed a statement, in accordance with Article 7(17)(a) of the MLI, that while it accepts the application of PPT alone as an interim measure, it intends where possible to adopt an LOB provision in addition to or in replacement of the PPT through bilateral negotiation.