Mauritius Deepens its Commitment to Curb Base Erosion and Tax Evasion by Signing the MLI Convention

5 July 2017 - M. Mahess Rawoteea, Lead Analyst, Ministry of Finance and Economic, Mauritius Development signing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting

In line with the international movement to fight tax evasion and base erosion, Mauritius, as a fully responsible International Financial Centre (IFC), 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), will cover 23 of the existing Double Taxation Avoidance Agreements of Mauritius.

Mauritius will also engage on a bilateral level with the remaining 19 treaty-partner countries to modify and conclude the non-covered agreements by the end of 2018.

Mauritius has also actively participated in the Ad-Hoc Group set up by the OECD to work on the drafting of the Multilateral Instrument as recommended under Action 15 of the Base Erosion and Profit Shifting (BEPS) Report.

As a trusted and fully collaborative IFC of substance, Mauritius has always adhered to internationally accepted norms and standards.

Below is the list of notifications submitted to the OECD at the time of signature:

 

TREATIES COVERED UNDER THE MLI

 

EXCLUDED TREATY PARTNERS (BILATERAL NEGOTIATIONS)

1.

Barbados

1.

Bangladesh

2.

Belgium

2.

Botswana

3.

Republic of Congo

3.

China

4.

Croatia

4.

Egypt

5.

Cyprus

5.

India

6.

France

6.

Malaysia

7.

Germany

7.

Mozambique

8.

Guernsey

8.

Namibia

9.

Italy

9.

Nepal

10.

Kuwait

10.

Pakistan

11.

Lesotho

11.

Rwanda

12.

Luxembourg

12.

Senegal

13.

Madagascar

13.

Singapore

14.

Malta

14.

Sri Lanka

15.

Monaco

15.

Thailand

16.

Oman

16.

Tunisia

17.

Qatar

17.

Uganda

18.

Seychelles

18.

Zimbabwe

19.

South Africa

19.

Zambia

20.

Swaziland

 

 

21.

Sweden

 

 

22.

United Arab Emirates

 

 

23.

United Kingdom

 

 

6th  July 2017

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