Subject: ITL e-News - Mauritius deposit MLI and other news

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Mauritius deposits its definitive instrument of ratification
for the multilateral BEPS Convention

In a past edition of our newsletter issued in July 2017, we informed our valued clients that Mauritius signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (hereunder referred to as the “MLI”) on 5 July 2017. On 18 October 2019 Mauritius deposited its definitive instrument of ratification of the MLI, a copy of which can be accessed here.
ESAAMLG: Follow-up report for Mauritius
At the 19th Council of Ministers Meeting of the the Eastern and Southern Africa Anti-Money Laundering Group (“ESAAMLG”) held in September 2019, it was declared that Mauritius complies with most of the recommendationsof the Financial Action Task Force (“FATF”) following the technical re-ratings undertaken by the ESAAMLG earlier this year.
Ease of Doing Business: Remarkable progress for Mauritius
The World Bank issued its flagship report, Doing Business 2020, on 24 October 2019 according to which Mauritius still holds on to its pole position on the African continent, ranking 1st for the region. In addition, it has also made a considerable progression on its worldwide ranking by moving up 7 places compared to last year and now ranks 13th. This achievement is the result of the government’s unflinching commitment to create a business friendly environment for investors that have translated into the introduction of efficient regulatory reforms over the past year.
Signing of a Protocol amending the DTAA with Kenya
A protocol amending the new Kenya-Mauritius Double Taxation Avoidance Agreement (“DTAA”) was signed on 16
October 2019, details of which will be disclosed once the new DTAA and the accompanying protocol are ratified by
both states.
ITL Data Protection compliance programme - Reminder

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DISCLAIMER
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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