Tax Information Exchange Agreement Mauritius
Mauritius Revenue Authority: Double Taxation Convention The Authority presents a list of current contracts and conventions for the exchange of tax information that are awaiting ratification pending signature and negotiated agreements. Highlights of the current tax treaties are given and the full text of each contract is available for download. The legality of intergovernmental agreements (IGAs) has been called into question on the grounds that any agreement between governments binding each government is a treaty. Since the U.S. Constitution does not allow the executive branch to unilaterally implement treaties without Senate approval, many argue that IGAs have no basis in the U.S. Constitution.  IGAs were not described or provided for in fatca laws, but were designed and implemented on the basis that it became clear that fatca would fail without it.  Tax Information Exchange Agreements (TIEA) provide for the exchange of information on request in the context of a specific criminal or civil tax investigation or civil tax matter under investigation.  A TIEA model has been developed by the OECD Global Forum Working Group on Effective Information Exchange. Mauritius: Deloitte International Tax Source Online Tax Rate Database, including information on withholding tax, tax treaties and transfer pricing. The exchange of information on request was completed by an automatic procedure on 29 October 2014.  The automatic process must be based on a common reporting standard. Tax Information Guide: Africa`s Leading Economies 2018 Overview of the Tax and Investment Environment in 44 African countries, including Africa.
The guide contains income tax rates, withholding tax, a list of double taxation agreements, information on other taxes, investment incentives and important business data. Published by Deloitte in May 2018. In June 2015, the OECD`s Tax Affairs Committee (CFA) approved a standard protocol on the agreement. The standard protocol can be used by jurisdictions if they wish to extend the scope of their existing TIEAs to the automatic and/or spontaneous exchange of information. The governments of Australia and the Republic of Mauritius have signed an agreement to exchange tax information. The agreement provides for the exchange of information on request, both in criminal and civil matters. A tieA request for information model has been developed to assist the relevant authorities of TIEA partners in requesting information. It is available in English and French as well as in Spanish, German, Italian, Japanese, Korean and Turkish.
Unusual for a low-tax country, Mauritius has a considerable number of double taxation agreements. In general, contractual benefits are available to all Mauritanian companies, with the exception of “internationals”. All contracts in Mauritius are based on the OECD standard contract and contain the exchange of information clauses. However, the exchanges are limited to issues relating to the functioning of the treaties themselves. The contract with India, which had confirmed the emergence of Mauritius as a dominant channel for foreign direct investment in India, was attacked in 2002 by the Indian tax authorities for alleged abuse by Indian investors. In October 2006, the Mauritian government announced that it would strengthen the rules on the issuance of tax certificates; in the future, it would only exhibit them for one year at a time. On that date, several other restrictions were imposed, including on the issue of Category 1 global business licence applications. Finally, a protocol for the Indo-Mauritian tax treaty was established in May 2016.