30th Nov 2019 Back
According to a communiqué from the FSC, Mauritius has been found to be compliant with all commitments on tax cooperation. Additionally, Mauritius has applied all needed reforms to comply with EU tax good governance principles ahead of time previously intended for the proposed changes.
This comes due to the fact that the EU has recognised the important measures taken by the Government in regard to observing international best practices in tax matters, including the passing of the Finance Act in July 2019, as well as added protocols which revised existing legislations appropriate to its Freeport and Partial Exemption regimes.
The endorsement gives Mauritius recognition as a cooperative authority that wishes to meet set requirements by global standard setting bodies. It would be important to note that Mauritius is not found on the list of non-cooperative jurisdictions for tax purposes by the European Union.
The measures taken are summarised under the following criteria:
Anti-BEPS Measures; that is combating Base Erosion and Profit Shifting caused by multinational enterprises exploiting gaps and mismatches between different countries' tax systems affects all countries