Subject: Intercontinental Trust e-News - March 2015

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    Release of FATCA Guidance Notes by the MRA

The Mauritius Revenue Authority (MRA) has published on 17 March 2015, its final Guidance Notes on the Foreign Account Tax Compliance Act (FATCA) following consultation with relevant stakeholders in the Mauritian financial services sector.


                                                                
Interview of David Lashbrook in BIZweek 
BIZweek has recently conducted an interview with David Lashbrook, Head of Africa Investment Strategies at Momentum GIM, on the current trend of the real estate market in Africa.

Momentum GIM has launched Momentum Africa Real Estate Fund in January 2015 and the fund is administered by Intercontinental Trust Ltd.
Mauritius still ranks among the top 10 on the 2015 
Index of Economic Freedom
With an economic freedom score of 76.4, Mauritius is the 10th freest country in the 2015 Index.

Mauritius’ overall score is essentially unchanged from last year, with a negative score change of 0.1 point causing it to slide from 8th position in 2014 to 10th this year. This decline in the score is a result of a significant decline in labor freedom that overshadows gains in the control of government spending, business freedom, and monetary freedom. 

Nevertheless Mauritius remains 1st out of 46 countries in the Sub-Saharan African region on the Index of Economic freedom since 2007.

(source: www.heritage.org)

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