Taxation: Mauritian Experts Reassure Mumbai

That was the mission of a Mauritian delegation who participated in an international conference on taxation, organized by the Foundation for International Tax, Mumbai from December 5 to 7.

They described extensively in the Mauritian tax system. The Mauritian delegation experts participated in an international conference on taxation, organized by the Foundation for International Tax , which was held in Mumbai from December 5 to 7, 2013. The delegation included Mr. Rajesh Ramloll of President of the Mauritian branch of the International Fiscal Association, Marc Hein, president of the Financial Services Commission , Rama Sithanen, President of the International Financial Services as well as professionals from finance.

Marc Hein explained inter alia the measures recently taken by the FSC on commercial substance required companies global business operating in Mauritius. Measures that take effect in January 2015.

Rajesh Ramloll, for his part, referred to the interpretation of treaties to avoid double taxation with respect to the law of a state. Rama Sithanen explained the circumstances in which the treaty to avoid double taxation was negotiated with India there 30 years ago. He also highlighted ls changes have occurred and how two sovereign states should discuss amendments to be made to a bilateral treaty in place to make changes unilaterally. Emphasis was also placed on good grades by the Mauritian jurisdiction following the latest report Global Forum OECD.