Reforms to the international fiscal landscape are gathering pace, with three recent developments. In January 2021, the EU voted to review its list of non-cooperative jurisdictions for tax purposes, and crackdown on zero-tax jurisdictions, with legally binding restrictions intending to kick in at end of the year. There are also anticipated initiatives under Pillar 2 of the Base erosion and profit shifting (BEPS), wherein a roadmap for the introduction of a minimum rate of tax is expected by the end of 2021. An international minimum corporate tax rate is also being called for by a recent report released by the United Nations panel on financial integrity for sustainable development. Mauritius is a compliant member of the OECD’s Forum on Harmful Tax Practices and the Mauritian Partial Exemption regime is fully compliant with the OECD’s standards. The MBA is a member of the Mauritius Revenue Authority’s Tax working group, which works to ensure that Mauritius adheres to the highest standards of tax compliance.
- January 4, 2021