Mauritius is the latest country to sign up to the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters is Mauritius, becoming only one of seven African countries who are supporting the treaty agreement to curb global tax avoidance by multinational corporations
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.
It is the seventh member of the African Tax Administration Forum to join the Convention and becomes the 87th jurisdiction participating to this truly global instrument to fight international tax avoidance and evasion.
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.
The convention was signed by Vishnu Lutchmeenaraidoo, minister of finance and economic development.
Last October, Mauritius was one of the first 51 jurisdictions which signed a multilateral competent authority agreement to automatically exchange information on financial account information (the new international standard) based on Article 6 of the Multilateral Convention.
The list of 87 jurisdictions participating in the OECD Convention is available here