Senegal denounces double taxation agreement with Mauritius and threatens to abandon the deal. (remove from bold)
According to President Macky Sall, Senegal has lost more than $250 million in tax revenue to its partner in 17 years, as Senegal could leave the double taxation treaty signed with Mauritius in 2002.
Mauritius which is already on the European Union’s grey list, is home to many companies investing in Senegal in mining resources such as Zircon or gold, Dakar government believes.
A way for these companies to bypass tax revenues by taking advantage of the treaty between the two countries.