Subject: ITL Newsletter - OECD’S Common Reporting Standard Effective as from 01 January 2017 in Mauritius

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OECD’S Common Reporting Standard Effective as from 01 January 2017 in Mauritius
As you are aware, the OECD’s Standard for Automatic Exchange of Financial Account Information (“Standard”), also referred to as the Common Reporting Standard (“CRS”) will become effective in Mauritius as from 01 January 2017.

About CRS
The OECD, working in collaboration with G20 and in close co-operation with the EU, has developed the CRS with the aim not only to improve international tax compliance but also to avoid a proliferation of different standards which would increase costs for both governments and financial institutions.



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The information in this e-newsletter was prepared by Intercontinental Trust Limited to provide potential clients with a broad overview of the opportunities available in Mauritius. While all reasonable care has been taken in the preparation of this e-newsletter, Intercontinental Trust Limited accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it. Readers are advised to consult with appropriate, qualified professional advisors before taking action. Intercontinental Trust Limited will be pleased to discuss any specific issues.

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