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Mauritius and Jersey sign Double Taxation Avoidance Agreement
A Double Taxation Avoidance Agreement (DTAA) between Mauritius and Jersey was signed on 3 March 2017 in London. The Agreement provides for double taxation which is an impediment to cross-border activities to be eliminated.
The signatories were the High Commissioner of Mauritius to the United Kingdom and Northern Ireland, Mr Girish Nunkoo, and the Minister for External Relations for the Government of Jersey, Senator Sir Philip Bailhache.
The DTAA makes provision for a reduced taxation at source or exemption on various sources of income which is an added incentive for an increase in cross-border activities.
Another essential component of the agreement pertains to the considerable importance in supporting business links in addition to serving as a powerful inducement for entrepreneurs of both countries to explore the possibilities for mutually profitable ventures.
Mauritius has to date signed and ratified 43 DTAAs with leading developed and emerging economies across the world thus offering a wide range of fiscal benefits and enabling efficient tax planning.