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AfricaMoney | August 23, 2017

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Mauritius expands tax treaty network to boost status as financial hub

Mauritius expands tax treaty network to boost status as financial hub

The island economy has boosted its already huge base of Double Taxation Avoidance Agreements (DTAA) and Investment Promotion and Protection Agreements (IPPA) as the government intensifies its efforts to make Mauritius a premier financial hub for Africa. (Image: Al Borsa News)

Mauritius is expanding its network of tax treaties and investment promotion agreements, as the government intensifies its efforts to make Mauritius a premier financial hub for Africa.

In this context, the island economy has boosted its already huge base of Double Taxation Avoidance Agreements (DTAA) and Investment Promotion and Protection Agreements (IPPA).

Prime Minister Navin Ramgoolam signed off on the coming into force of the Mauritius-Kuwait IPPA while negotiations on new IPPAs have also been concluded recently with Cape Verde and Burkina Faso. Procedures for the signing of these two agreements are currently underway.

The Prime Minister, who is also handling the finance portfolio at present, has also agreed to the coming into force of the Mauritius-Guernsey DTAA on 13 September, 2014 and the revised Mauritius-Rwanda DTAA on 23 August, 2014.

Furthermore, negotiations on new tax treaties have been completed with Malta and Cape Verde and arrangements are being made for early sign-offs on these agreements.

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