Mauritius is not included on the EU list of non-cooperative jurisdictions for tax purposes
A recent article on the Global Finance Mauritius website give a detailed overview of the recent list of non-cooperative jurisdictions for tax purposes (so-called blacklist) and the new EU ‘grey list’. On 5 December 2017, the ECOFIN Council, composed of EU Economic and Finance Ministers, adopted a new list of non-cooperative jurisdictions for tax purposes, which did not include Mauritius.
Mauritius was however included in a list provided in Annex II of the Council conclusions which refers to the state of play of the cooperation with the EU with respect to commitments taken to implement tax good governance principles. This is the so-called ‘grey list’.
The ECOFIN Council also adopted a second list of countries, identifying those countries which have given commitments to the EU to implement tax good governance principles within a certain timeframe. 47 countries are included in this list. The countries are grouped under three headings: Transparency commitments to be complied with, Fair taxation: Existence of harmful tax regimes and Anit-BEPS measures.
Mauritius falls under the second heading: Fair taxation, Existence of harmful tax regimes along with Andorra, Armenia, Aruba, Belize, Botswana, Cabo Verde, Cook Islands, Curacao, Fiji, Hong Kong SAR, Jordan, Liechtenstein, Maldives, Morocco, Saint Vincent and the Grenadines, San Marino, Seychelles, Switzerland, Taiwan, Thailand, Turkey, Uruguay and Vietnam. Mauritius and these countries are all committed to amend or abolish the identified regimes by 2018.
The developed countries will have a year to comply whereas developing countries will have two years to comply. Importantly, this list is not “closed” thus countries that comply will be removed from the list but countries that does not apply will be added to the list. This is according to the European Commission Vice President, Valdis Dombrovskis.
Please read the full article on the Global Finance Mauritius website. Click HERE
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