Mauritius was removed from Italy’s tax blacklist with the entry into force of the Italian Stability Law 2015, the Mauritius government announced April 15. The development follows efforts undertaken by Mauritius to raise the standards of transparency and governance in its financial sector, the government said.
Minister of Finance and Economic Development, Vishnu Lutchmeenaraidoo, said that the decision of the Italian government will enable Mauritius to consider new opportunities for trade and investment with Italy. Mauritian exports to Italy will benefit from a more favorable tax system and more Italian investors and enterprises will likely invest in Mauritius, owing to the favorable tax regime, he said.
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