282020Jul
The bonfire of the tax treaties

The bonfire of the tax treaties

Senegal and Zambia unilaterally scrapping tax treaties with Mauritius has shaken up the African investment and legal landscape. Senegal and Zambia have blamed “unbalanced” and “unfair” treaties for their surprise decisions to terminate double-taxation agreements with Mauritius. Tearing up a tax treaty is highly unusual in the circumspect world of international diplomacy and several other…

Read More
232020Apr
Mauritius Tax Update

Mauritius Tax Update

Following an order dated 13 April 2020 issued by the Government of India, Mauritius is henceforth once again regarded as an eligible country for the purpose of registration as Category I Foreign Portfolio Investor (“FPI”) under the SEBI (Foreign Portfolio Investors) Regulations, 2019 (“FPI Regulations”). The SEBI had previously issued a circular dated 7 April…

Read More
42019Jun
Tax in African countries

Tax in African countries

The African Union is on a drive to make the continent economically self-sufficient and some observers believe fixing tax collection is a low-hanging fruit in this endeavour. Africa’s tax-to-GDP ratio is about 18%, while in the developed countries of the OECD it is 34%. In Nigeria, Africa’s largest economy, the number is just 5.9%. Many…

Read More
172018Sep
Tax agreement between China and Republic of Congo

Tax agreement between China and Republic of Congo

The People’s Republic of China (“China”), like other countries such as France, Italy, Mauritius, has signed a Tax Agreement with the Republic of Congo (“the Congo”) to prevent double taxation and tax evasion between the two states (“the Tax Convention”) , as of September 05, 2018, on the sidelines of the China – Africa Summit. In recent years, China has deployed…

Read More
92018Jul
Tanzanian Court of Appeal rules against Taxpayers in two latest decisions

Tanzanian Court of Appeal rules against Taxpayers in two latest decisions

The Court of Appeal (Court) has continued its efficient spree to clear case backlogs, especially in tax matters. Two key cases, amongst many others filed in the Court registry in Dar es Salaam involving international oil and gas companies in Tanzania, were heard during the week of 25 June 2018 in Dodoma. These decisions have serious consequences for the…

Read More
152018Jun
BUDGET BRIEF: Mauritius 2018-2019

BUDGET BRIEF: Mauritius 2018-2019

On the 14th of June 2018, The Honourable Pravind Kumar Jugnauth, Prime Minister, Minister of Home Affairs, External Communications and National Development Unit and Minister of Finance and Economic Development presented the 2018/2019 Budget under the theme “Pursuing Our Transformative Journey”. The aim of this year’s Budget is to create new poles of economic growth…

Read More
42017Apr
Mauritius and Ghana – Double Taxation Avoidance Agreement

Mauritius and Ghana – Double Taxation Avoidance Agreement

Mauritius and Ghana have embarked on a new chapter of cooperation with the signing of a Double Taxation Avoidance Agreement (DTAA) and the agreed minutes of proceedings following the inaugural meeting of the Mauritius-Ghana Permanent Joint Commission on bilateral cooperation held on 10 March 2017 in Mauritius. The agreements were signed by the Mauritian Prime…

Read More