Turkey’s Revenue Administration announced that the first round of negotiations for an income tax treaty with Mauritius took place via video conference between 30 July to 1 August, 2024.
The negotiations, which were held under Deputy Chairman of the Revenue Administration, Mehmet ARABACI, on behalf of Turkey, and the Chairman of the Large Taxpayers Presidency of the Mauritius Revenue Administration, Mamade Faisal Oozeerally, on behalf of Mauritius.
If an agreement is reached, it will be the first between the two nations.
An income tax treaty, also known as a double tax agreement (DTA), is a bilateral agreement between two countries designed to prevent double taxation on income earned by individuals and businesses in both jurisdictions.
These treaties clarify which country has the right to tax specific types of income, such as wages, dividends, and interest, often providing reduced tax rates or exemptions. They also include provisions for the exchange of information between tax authorities and mechanisms for resolving disputes, thereby facilitating international trade and investment by creating a clearer tax framework for cross-border activities.
