Mauritius IFC a tax compliant jurisdiction, says its Eco Development Board

Mauritius IFC is a tax compliant jurisdiction and has put in place appropriate legislation for the exchange of information with other nations as per global norms, the Economic Development Board of Mauritius said today.

Mauritius was not included in the "European Union list of non-cooperative jurisdictions for tax purposes' published in December 2017", Faraz Rojid, head of financial services, Economic Development Board of Mauritius, said.

"The Mauritius IFC (International Financial Centre) is a recognized jurisdiction by international authoritative organizations.

"As a credible and trusted IFC, Mauritius has constantly and consistently implemented significant initiatives and adopted appropriate legislation to enhance its legal and regulatory frameworks for the exchange of information and transparency as per the international norms and standards, in order to combat money laundering and terrorist financing," Rojid said.

Mauritius has been at the forefront in the fight against international tax evasion and other malpractices, he added.

In June 2015, Mauritius signed the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Mauritius currently has an exchange information mechanism with 127 jurisdictions.

In July 2017, Mauritius signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).

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