(June 24, 2015)
On June 23, the OECD issued a press release announcing that Mauritius signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and by doing so became the 87th signatory to the Convention and the 7th member from the African Tax Administration Forum (ATAF) that signed the Convention.
The Convention provides a comprehensive multilateral framework for the exchange of information and assistance in tax collection. Its coverage includes administrative assistance between tax authorities for information exchange including automatic exchange, simultaneous tax examinations and assistance in the collection of tax debts.
On October 24, 2014, Mauritius was among the first 51 jurisdictions (the early adopters), which signed a multilateral competent authority agreement to automatically exchange on financial account information (the new international standard) based on Article 6 of the Multilateral Convention. Mauritius has committed to start exchanging automatically in 2017 and now has joined the legal instrument which once ratified serves as the basis for the implementation of the multilateral competent authority agreement already signed.
For further information on the Multilateral Convention on Mutual Administrative Assistance in Tax Matters click here. (You will be forwarded to the website of the OECD, which opens in a new window).
Click here to be forwarded to an overview of the 87 signatories to the Mutual Administrative Assistance in Tax Matters as available on the website of the OECD, which will open in a new window.
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