Mauritius set to sign DTAA with Guyana
Earlier this month, the Government of Mauritius has agreed to the signing of the Double Taxation Avoidance Agreement (DTAA) with the Government of the Co-operative Republic of Guyana.
The DTAA will clarify the taxing rights of both countries on income and will:
(a) provide certainty to investors and also create a conducive environment for greater cross-border investment flows;
(b) establish a framework for exchange of information between the tax authorities of Mauritius and Guyana with a view to combatting tax evasion and other tax malpractices; and
(c) provide a mechanism to taxpayers for the resolution of tax disputes.
The Mauritius-Guyana DTAA will come into effect after:
- it has been signed by both contracting states; and
- the ratification procedures have been completed by both contracting states.