Signing of Protocols amending the DTAAs with Jersey and Bangladesh
Mauritius has signed Protocols amending the Double Taxation Avoidance Agreements (DTAAs) that it had previously concluded with the Government of Jersey and the Republic of Bangladesh so that the said DTAAs would comply with the Base Erosion and Profit Shifting minimum standards of the Organisation for Economic Co-operation and Development.
It is noted that the DTAA with the Government of Jersey was signed on 3 March 2017 and came into force on 19 December 2018 while the DTAA with the Republic of Bangladesh was signed on 21 December 2009 and came into force on 15 September 2010.
It will be recalled that DTAAs encourage cross border investments and trade as they mitigate the risk of double taxation for businesses and investors and they also provide for reduced withholding tax rates for certain streams of income. So far, Mauritius has concluded DTAAs with 46 countries and is in negotiation with others for the implementation of a DTAA.
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