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Banks to collect and report information on non-tax resident customers

As from 1^st January 2017, Mauritian financial institutions including banks, are required to implement the Organisation for Economic Co-operation and Development’s (OECD) Common Reporting Standard for Automatic Exchange of Financial Account Information (CRS). This requirement is applicable to tax residents of countries other than Mauritius, following the signature of the Multilateral Competent Authority Agreement (MCAA).

Read the full communiqué from the Mauritius Bankers’ Association (MBA)PDF 160KB