Lesotho seals new treaty with Mauritius, hoping to curb tax dodging ...Middle East

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Lesotho has finalized a new tax treaty with Mauritius, alleviating fears in the southern African nation that multinational corporations were dodging taxes through shell companies. The new agreement, which sets out the taxation rules for companies that run Lesotho businesses from Mauritius, came into effect earlier this month. It replaces a 1997 treaty that, in recent years, the Lesotho authorities complained was unfair. “The process for renegotiating the treaty was initiated by Lesotho in recognition that the old treaty was compromising Lesotho’s interests and because some of the key elements of a modern tax treaty were missing,” according to a brief provided to ICIJ by the Lesotho Revenue A

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Last updated : 23 July 2021 clock 03:30 AM

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Lesotho seals new treaty with Mauritius, hoping to curb tax dodging ...Middle East

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