Senegal to terminate deal with Mauritius over hiked tax

Senegal has threaten to part ways with Mauritius over hike taxation, also stated they will pull out from the deal.

Senegal could leave the double taxation treaty signed with Mauritius in 2002. According to President Macky Sall, Senegal has lost more than $250 million in tax revenue to its partner in 17 years.

The Dakar government believes that Mauritius, already on the European Union’s grey list, is home to many companies investing in Senegal in mining resources such as Zircon or gold.

A way for these companies to bypass tax revenues by taking advantage of the treaty between the two countries.

KINDLY FOLLOW US ON SOCIAL MEDIA & SHARE THIS STORY
INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

@ Anttention FreshWe work hard to ensure that any news brought to you is legitimate and valuable so we leave out the noise. This material, and other digital content on this website, may be reproduced, published, broadcast, rewritten or redistributed in whole or in part BUT give us credit as your source. 

DOWNLOAD ANTTENTION FRESH NEWS ON THE GO APP
Submit Your Story: Click Here to Submit    Contact: allmails@antvt.com
Breaking News: SMS: +2347066663071, Whatsapp: +2347066663071, Email: allmails@antvt.com
TO UPLOAD & PROMOTE YOUR PRODUCTS CLICK IMAGE
JOIN AN ONLINE LEARNING COMMUNITY CLICK IMAGE