## Mauritius: Selected Issues

_IMF Staff Country Reports, December 8, 2017_

## Source details

**Canonical URL:** [Mauritius: Selected Issues](https://www.imf.org/en/publications/cr/issues/2017/12/08/mauritius-selected-issues-45454)

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- [Markdown version](/en/publications/cr/issues/2017/12/08/mauritius-selected-issues-45454/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/12/08/mauritius-selected-issues-45454/index.json)
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## Bibliographic details
- Published: December 8, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484331576.002

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### Tax transparency and anti-avoidance initiatives
- Mauritius is dealing with two separate initiatives: one by the OECD-G20 (BEPS initiative) and one by the European Union.
- Under the BEPS initiative, Mauritius has committed to including minimum standards and possibly other BEPS-compliant features into its domestic laws and bilateral double taxation avoidance agreements (DTAs).
- Sixteen DTAs have been added in the past 6 years.

### Domestic tax framework and contested features
- Corporate income tax (CIT) rate: 15 percent.
- System: worldwide system that taxes foreign earnings but allows for foreign tax credits (FTCs).
- Notable contested feature: Deemed Foreign Tax Credit.

### Macrofinancial linkages and vulnerabilities
- The GBC sector provides major inexpensive funding to banks.
- GBC investment patterns imply these deposits are potentially highly volatile.
- Important macrofinancial linkages between the GBC sector and the financial sector present vulnerabilities that need to be managed carefully.

### Subject areas covered
- Anti-avoidance rules
- Asset and liability management
- Competition
- Excess liquidity
- Financial markets
- Labor and labor markets
- Monetary policy and monetary policy frameworks
- Taxes

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- **Country Report**
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_Source: https://www.imf.org/en/publications/cr/issues/2017/12/08/mauritius-selected-issues-45454_