Mauritius signs the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting

Mauritius has signed the “Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” at the OECD Headquarters in Paris on the 5th of July 2017. 

The Multilateral Convention, also known as the Multilateral Instrument (MLI) covers 23 of the existing Double Taxation Avoidance Agreements of Mauritius. 

For the remaining 19 Double Taxation Avoidance Agreements that are not be covered by the MLI, Mauritius will discuss bilaterally with the respective treaty partners in order to implement the BEPS minimum standards at latest by end of 2018. These countries are: 

1.

India

11.

Malaysia

2.

China

12.

Nepal

3.

Singapore

13.

Rwanda

4.

Pakistan

14.

Sri Lanka

5.

Mozambique

15.

Tunisia

6.

Thailand

16.

Uganda

7.

Egypt

17.

Zambia

8.

Namibia

18.

Zimbabwe

9.

Bangladesh

19.

Senegal

10.

Botswana

 

 

The signing of the MLI by the Government of Mauritius further strengthens the cooperation of Mauritius with the international community in the fight against tax avoidance and base erosion.  It also enhances Mauritius' position as an International Financial Centre of substance.

Should you need any additional information, please contact your dedicated relationship manager or our tax team:

Gary Gowrea
Head of Structuring
Tel: +230 213 8924/+230 5253 1602
Email: Gary.Gowrea@cimglobalbusiness.com

Girish Motaye
Senior Manager – Tax
Tel: + 230 405 0210/ + 230 5255 1112
Email: Girish.Motaye@cimglobalbusiness.com