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IMF opening a new Africa Training Institute in Mauritius in June 2013 30-04-2013

With macroeconomic development for the African continent in mind, the Inte
ational Monetary Fund (IMF) will be opening an Africa Training Institute (ATI) in Mauritius. The ATI aims to help developing countries in their policy-making by transferring economic skills and best practices. Mauritius is one of the leading middle-income countries to associate with the IMF to assis ...

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Mauritius tops Africa in the Networked Readiness Index 2013 24-04-2013

Mauritius with ranking of 55th in the Networked Readiness Index 2013 is far ahead of its African peers with a rise in inte
et subscriptions and users. The Networked Readiness Index 2013, an analysis of 144 countries in terms of their propensity to exploit the opportunities offered by Information and Communications technology (ICT) is carried out by the World Economic Forum ...

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Mauritius and Monaco have signed a DTA 24-04-2013

A Double Taxation Treaty between Mauritius and the Principality of Monaco has been signed on the13th April 2013 after negotiations were finalised the previous month. Monaco has only signed 5 DTAs with other countries in the past. This is the 42nd treaty that Mauritius has signed to date and marks Mauritius’s ongoing drive to increase the island’s visibility as a ...

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Mauritius-Turkey DTA negotiation 24-04-2013

Mauritius and Turkey have opened negotiations towards a Double Taxation Agreement in February 2013 following the signature of a Framework Agreement on Trade and Economic Cooperation as well as an Investment Promotion and Protection Agreement (“IPPA”). The two countries wish to strengthen economic partnerships as they are both growing investment hubs in their own ...

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MRA fees for Tax Residency Certificate 25-02-2013

Under the Finance Act 2012, a service fee will be payable to the Mauritius Revenue Authority (“MRA”) for the issuance/renewal of Tax Residency Certificates.   The effective date of the Income Tax (Amendments) Regulations is 16th February 2013.    The fees payable are as follow: 1.       USD 1000 per country for t ...

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Increase in ROC fees for 2013 22-02-2013

The Registrar of Companies (“ROC”) has published a new schedule of fees under Companies Regulations 2012, effective from 1 January 2013. This is the first fee revision since the introduction of the Companies Act 2001. GBL1 companies that have already paid the 2013 fees based on the old rates, can pay the differential amount by 30 June 2013. Fees for GBL2 compani ...

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GAAR Implementation postponed to 2016 22-02-2013

The Gove
ment of India postponed the controversial GAAR implementation by 2 years to April 1, 2016. The news came as a great relief to many investors in India. The GAAR provision would override DTAA benefits if an arrangement is deemed to have been effected with the purpose of tax evasion, inter alia. Investment made before the 30 August 2010, will not be scrutinized under ...

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Mauritius-Zambia Treaty ratified and in force 22-02-2013

A Double Taxation Treaty between Mauritius and Zambia has been ratified in 2012. The agreement is effective as from July 2012 for Mauritius sourced income and as from 1 August 2012 for Zambia-sourced income. The arrangement also aims to promote education and art exchange between the two countries. This latest addition elevates the total number of Mauritius’s DTA agree ...

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Renegotiated Treaty between Mauritius-Germany has been finalized  22-02-2013

The renegotiated tax treaty between Mauritius and the Federal Republic of Germany became effective on the 14 November 2012 with amended provision with respect to Article 26 on Exchange of information. Under the new article, Mauritian Authorities would be required to provide information, namely with regards to GBL2 licensed companies. ...

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Penalty fees on late filing of Accounts 22-02-2013

The Finance Act 2012 included a section regarding the introduction of penalty fees for late filing of accounts. Further details on structure and penalties amounts are yet to be determined and published. ...

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