Business updates

On 12^th of March 2019, the EU Council adopted a revised EU list of non-cooperative jurisdictions for tax purposes – its first comprehensive revision of the EU list of non-cooperative jurisdictions. The revised EU list of 15 jurisdictions include American Samoa, Barbados, Guam, Samoa, Trinidad and Tobago, US Virgin Islands, Aruba, Belize, Bermuda, Dominica, Fiji,Marshall Islands, Oman, United Arab Emirates and Vanuatu.

Mauritius does not feature on the EU blacklist and is amongst jurisdictions such as Australia, Morocco and Seychelles having committed to amend their tax regimes by the end of 2019.

Further to the EU Council Assessment of non-cooperative jurisdictions for tax purposes, the Ministry of Finance and Economic Development (MOFED) issued a communique in which it upholds the Mauritius commitment to adherence to international norms and best practices.

The full EU report is available here.