Cabinet has taken note that the Double Taxation Avoidance Agreement (Republic of Angola) Regulations 2022 would be promulgated. A Double Taxation Avoidance Agreement (DTAA) has been signed between the Republic of Mauritius and the Republic of Angola. The DTAA with the Republic of Angola would –
- provide tax certainty to investors of the two countries in their dealings with Mauritius or Angola, as the case may be;
- provide mechanisms to –
- combat tax evasion and other malpractices through collaboration between the two authorities in terms of exchange of information and lending assistance to each other for the collection of tax due to the concerned tax authority; and
- resolve tax disputes that may arise, through a mutual agreement procedure; and
- create a conducive environment for greater investment flows from the Mauritian global business sector to Angola, by providing tax incentives.
Source: Cabinet Decision 19 August 2022