Companies operating in the global economy experience complex tax issues, both in their home country and in the jurisdictions in which they do business; this requires a coordinated global delivery of services incorporating both knowledge of national legislation, including tax treaties, as well as the appropriate international perspective.
Our market-leading tax practice covers a broad range of advisory and transactional coverage on a wide range of domestic and international tax issues, including on BEPS-related legislation.
We also assist clients in investigations and assessments by the Mauritius Revenue Authority, and as practicing barristers, we regularly appear before the Assessment Review Committee.
Experience has included advising:
- A number of DFIs on the implications of the tax regime in Mauritius on their proposed investments in private equity funds.
- A number of multinationals on the implications of investing in Mauritius, particularly in the light of the recently renegotiated India-Mauritius double tax treaty.
- A multinational enterprise in relation to a tax dispute with the Mauritius Revenue Authority concerning the presence of a permanent establishment in Mauritius.
- A large commercial bank on the implementation of the Common Reporting Standard (CRS) and other automatic exchange of information issues.
- A listed construction company on transfer pricing legislation in Mauritius.
The highly anticipated Budget speech for 2019-2020 was delivered by the Prime Minister and Minister of Finance & Economic Development on Monday 10 June 2019.
The Mauritius Revenue Authority ("MRA") has, on 28 November 2018, issued a Statement of Practice (“SOP”) to clarify the concept of "Place of Effective Management" (or “POEM”) as set out in the new section 73A of the Income Tax Act, which was introduced by the Finance (Miscellaneous Provisions) Act 2018.
The Finance (Miscellaneous Provisions) Act 2018 (“FA 2018”) significantly amended the regulatory and tax framework applicable to companies (including global business companies) in Mauritius in order to bring them in line with the OECD’s minimum standards on Base Erosion Profit Shifting (“BEPS”).
The 2018-2019 Budget Speech having for theme “Pursuing our Transformative Journey’’ was presented by The Honourable Pravind Kumar Jugnauth, Prime Minister, Minister of Finance and Economic Development yesterday Thursday 15 June 2018.