Actively sharing financial intelligence with India: Mauritius

Hopeful of signing a new TIEA (Tax Information and Exchange Agreement) with India soon,


Mauritius has said its regulatory authorities and financial intelligence units are actively cooperating with their Indian counterparts for sharing of information.

The TIEA would help the two countries to exchange information on tax matters of entities doing business in the two countries.

"The Tax Information and Exchange Agreement between India and Mauritius has been finalised by both countries and Mauritius is in fact already applying it," Financial Services Commission (FSC) Chairperson Marc Hein told PTI.

FSC is Mauritius' integrated regulator for global business companies and non-banking financial services sector.

"We hope that the agreement will be signed by both parties whenever both governments are ready for this," said Hein, who was here to participate in an international taxation conference.

According to Hein, Mauritian authorities has been fully co-operative with their Indian counterparts to furnish information whenever "reasonable information" has been requested to the Mauritian authorities.

"The Financial Services Commission and SEBI have been exchanging information for years," Hein said and added that the "apart from regulatory authorities the Mauritian Financial Intelligence Unit also cooperates with the Indian FIU for exchange of information".

While a DTAA is already in place between two countries, it is being revised amid concerns that the Indian Ocean nation was being used for round-tripping of funds to and from India, although Mauritius has always maintained that there have been no concrete evidence of any such misuse.

The two countries had signed this DTAA in 1982 when late Indira Gandhi was India's Prime Minister and was part of various steps initiated by the two countries at that time for strengthening the flow of investments to and from Mauritius.

Meanwhile, Mauritius has also agreed to include a 'limitation of benefits (LOB)' clause in its revised tax treaty with India. The LOB clause limits treaty benefits to those who meet certain conditions including those related to business, residency and investment commitments of the entity seeking benefit of a Double Taxation Avoidance Agreement (DTAA).

Post new comment

E-mail ID will not be published
This question is for testing whether you are a human visitor and to prevent automated spam submissions.


  • The economic survey falls in step with the BJP’s election manifesto

    It’s always tough to find something wrong with the annual economic survey as it only articulates the government’s desire to set its house in order


Stay informed on our latest news!


GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India


Arun Nigavekar

Why higher education needs innovation

India is such a great country that it creates complexity ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...


William D. Green

Chairman & CEO, Accenture