Mauritius has signed the multilateral convention on mutual administrative assistance in tax matters to boost its participation in global efforts to combat tax avoidance and evasion.
By signing the Convention, China became the 87th signatory to the multilateral agreement designed to facilitate international cooperation among tax authorities to improve their ability to tackle tax evasion and avoidance.
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The convention’s coverage includes administrative assistance between tax authorities for information exchange, such as automatic exchange of information, simultaneous tax examinations as well as assistance in the collection of tax debts.
Developed by the OECD and the Council of Europe in 1988, the convention on mutual administrative assistance in tax matters is the most comprehensive multilateral instrument available for tax cooperation and exchange of information.
In response to the global financial crisis in 2008, the international community has strengthened the fight against tax evasion and fraud.
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