Mauritius Tax Regimes NOT HARMFUL according to OECD Peer Review Results on Preferential Regimes
The Financial Services Commission, Mauritius (FSC) released a statement on the 16th of November 2018 regarding the Peer Review Results on Preferential Regimes that the Organisation for Economic Co-operation and Development (OECD) compiled and released. The latest Peer Review from the OECD, released on the 15th of November 2018 assessed harmful tax practices of Preferential Regimes in 53 jurisdictions.
The local tax regimes reviewed by the OECD Forum on Harmful Tax Practices (FHTP) includes: Category 1 and Category 2 Global Business companies; banks, as regard their foreign source income also known as segment B income; Captive Insurance; Partial Exemption System; the newly introduced tax regime for banks; Freeport; global headquarters administration; global treasury activities; Investment Banking; and shipping.
The report clearly shows that Mauritius meets all the international requirements of the BEPS Action 5 and therefore does not have any harmful practices in its tax regimes.
According to the FSC, “Mauritius remains committed to uphold its adherence to international norms and best practices; and the FSC as regulator for the non-bank financial services sector and Global Business, will continue to monitor and supervise the new regimes in line with its mandate”.
The full OECD report can be assessed HERE.
Source: Financial Services Commission, Mauritius (FSC)
Organisation for Economic Co-operation and Development (OECD)
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