On 10 October, the Economic and Financial Affairs Council of the European Union (EU Council) removed the jurisdiction of Mauritius from its 'grey list', confirming that it complies with the good governance tax principles of the European Union (EU) and is not a tax haven.
The confirmation recognises the efforts of the Government of Mauritius to remove tax practices that may have been identified as harmful. This includes its implementation of a transparent tax and policy framework, enhanced substance requirements and adherence to the Organisation for Economic Cooperation and Development's (OECD) Base Erosion and Profit Shifting (BEPS) minimum standards.
This news further highlights Mauritius' commitment to being a competitive International Financial Centre of choice that provides a convenient location for facilitating business and investments into Africa and Asia.
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