ITL: Mauritius to sign DTAA with Republic of Angola
Mauritius is set to sign a Double Taxation Avoidance Agreement (DTAA) with the Republic of Angola. This DTAA which is currently awaiting ratification will aim to inter alia:
a) provide tax certainty to investors of the two countries in their dealings with Mauritius or Angola, as the case may be;
b) provide mechanisms to:
i. combat tax evasion and other malpractices through collaboration between the two authorities in terms of exchange of information and lending assistance to each other for the collection of tax due to the concerned tax authority; and
ii. resolve tax disputes that may arise, through a mutual agreement procedure; and
c) create a conducive environment for greater investment flows from the Mauritian global business sector to Angola, by providing tax incentives.
Established in 1999, Intercontinental Trust Limited (ITL) provides a plethora of financial and fiduciary services to a diversified client base including private equity firms, real estate multinationals, financial institutions, investment managers and high-net-worth individuals among others.
ITL is located in Ebene, the financial centre of Mauritius and has offices in Singapore, Seychelles and representative offices in South Africa and Kenya.