OECD classifies Mauritius tax law regime as non-harmful after changes

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December 2018

Overview

Mauritius recently enacted tax reform under Finance Act 2018 in order to comply with the OECD’s base erosion and profit shifting (BEPS) initiatives.  As a result of these reforms, the OECD concluded on November 13 that Mauritius does not have a “harmful tax regime.” Also under Finance Act 2018, Mauritius amended its tax law by adopting the place of effective management (POEM) standard. The Mauritius Revenue Authority (MRA) issued a statement of practice (SoP) concerning POEM on November 28.

The takeaway

The OECD’s approval of Mauritius as a non-harmful tax regime confirms the country’s position as a compliant jurisdiction and aligns with the latest international practices and standards. The MRA’s recent guidance on POEM also provides further certainty to foreign investors.

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