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New tax treaty between SA and Mauritius

28 May 2013   (0 Comments)
Posted by: Author: SAPA (Moneywebtax)
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Source: SAPA (Moneywebtax)

South Africa has signed a new tax treaty with Mauritius, accounting firm PriceWaterhouse Cooper (PwC) said on Sunday.

The abuse of the old, 1996 treaty was the main reason for the new treaty, said PwC international tax senior manager Johan Hatting (SUBS: CORR).

Some had feared the SA Revenue Service and the National Treasury would simply terminate the treaty because it was being abused by South African multinationals, he said.

"In essence, the good news is that South Africa will still have a tax treaty with Mauritius in the future."

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