Mauritius

March 15, 2013

Maldives Seeks MRA Help in Setting Up Tax Authority

The minister of Finance and Treasury of Maldives, Abdulla Jihad, has expressed his admiration over the functioning of the Mauritius Revenue Authority (MRA) and the MRA customs department during guided visits of the institution on Thursday.

He is currently in Mauritius for the signing ceremony for the Maldives-Mauritius Joint Economic Commission.

He said he was keen to have Maldivians learn from local expertise in the hope of setting up a similar institution in the Maldives. “We will be seeking the help of the MRA to develop our revenue authority since ours is quite new.”

 “I learnt a lot about the offshore sector during my visit and we are thinking of sending a team in Mauritius for training and learning about Mauritius’s success story,” he said.

Jihad then spoke at the signing ceremony in the presence of the vice prime minister and minister of Finance, Xavier Luc Duval, and the minister of Foreign Affairs, Arvin Boolell.

The Maldivian Finance minister said he looked forward to more people-to-people exchanges between the two island states once Maldivian airline Mega Maldives starts flying to Mauritius in July.

The joint economic commission will enable the two island states to develop new avenues for cooperation and have more concerted actions and effective strategies given that they benefit from similar opportunities and face the same threats as island states.

 “We have invited the Maldives to be part of the Vanilla Islands concept and partner with us as a joint destination to tap the Chinese and South African tourist markets.

Furthermore, Mauritius has pledged to provide scholarships to Maldivian students for tertiary studies and Mauritians will also be able to work in the Maldives since there is a shortage of educational and medical staff there,” said Duval.

The negotiation of a Double Tax Avoidance Agreement, was also on the cards.

 

Text by the Independent
 

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