On 5 July 2017, Mahess Rawoteea of the Ministry of Finance and Economic Development of Mauritius signed the multilateral BEPS convenstion at the OECD Headquarters in Paris.

 

The OECD defines the  MLI as a legal instrument designed to prevent base erosion and profit shifting (BEPS) by multinational enterprises. BEPS refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations.

 

A document that contains a provisional list of expected reservations and notifications to be made by the Republic of Mauritius pursuant to Articles 28(7) and 29(4) of the Convention was recently published by the  OECD.  All together 23 countries are affected.  The agreements in question varies from countries but are mostly one of these five agreements.

 

1. For the Avoidance of Double Taxation with respect of Taxes on Income and Capital.
2. For the avoidance of Double Taxation with respect to Taxes on Income for the Prevention of Fiscal Evasion.
3. For the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.
4. Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income.
5. For the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital.

 

Mauritius has issued a statement reaffirming its commitment of implementation of the minimum standards developed in the course of OECD/G20BEPS Project into its entire tax treaty network by end of 2018.

 

For more detail please visit the OECD website.  Click here to read more

 

Source:

OECD.org

BEPS MLI position Mauritius