New DTAA: Mauritius and Morocco sign a Double Taxation Avoidance Agreement
On 25th November 2015, Mauritius and Morocco signed a Double Taxation Avoidance Agreement (DTAA) in Port Louis. The signatories were the Minister of Finance and Economic Development, Mr. Vishnu Lutchmeenaraidoo, and the Ambassador of the Kingdom of Morocco to Mauritius, Mr. Mohammed Amar.
The DTAA aims at strengthening existing economic ties between the two countries while fostering new avenues of cooperation. The agreement also stipulates clearly the taxing rights of Mauritius and Morocco on all forms of income arising from cross-border economic activities between the two countries. By virtue of the agreement, double taxation, which is an impediment to cross-border activities, will be eliminated.