Africa-Press – Angola. The Government of Mauritius will soon enact a double taxation (taxation) agreement signed with Angola, according to an official statement published earlier this week.
According to this document published at the end of a weekly session of that country’s Council of Ministers, last Friday, the DTAA will provide fiscal security to investors from both countries in their negotiations.
The platform will provide mechanisms to combat tax evasion and other irregularities, through collaboration between the authorities of the two countries in terms of information exchange and mutual assistance in the collection of taxes due to the tax administration in question. The mechanism will also resolve tax disputes that may arise, through an amicable procedure, and by creating an environment conducive to greater investment flows from the global business sector from Mauritius to Angola, through the granting of tax incentives, according to the document. .
The main product of Mauritius is sugar, of which it was once the 3rd producer in the world. Other important agricultural products are tea and tobacco. The economy is diversified, with tourism as one of the main economic activities. The island instituted the first free zone in the Indian Ocean. The country, which joins the islands of Mauritius and Rodrigues, once had more than 500 sugar factories.
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