Mauritius on October 18 deposited its instrument of ratification or acceptance of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
Mauritius is the 36th country to complete all steps necessary to join the multilateral tax agreement, which is designed to allow countries to swiftly incorporate provisions agreed to by nations in 2015 in the OECD/G20 base erosion profit shifting (BEPS) plan into their existing bilateral tax treaties. These provisions aim to curtail tax avoidance by multinational groups and improve cross border tax resolution.
The MLI will enter into force for Mauritius on February 1, 2020.
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