Despite the absence of specific documentation requirements, multinational enterprises are subject to Country-by-Country (CbC) reporting for significant consolidated revenues.
The lack of master and local file legislation adds to the fluidity of compliance. While penalties are not explicitly stated, general tax penalty provisions apply to transfer pricing cases. Although not an OECD member, Mauritius aligns with international standards, demonstrating proactive efforts.
Companies navigate economic analysis and TP methods in the absence of specific regulations, while advanced pricing agreements are not currently included. It's a landscape where flexibility and adaptability play a key role in navigating the transfer pricing terrain.
Download the full Grant Thornton Africa Transfer Pricing Landscape Guide 2023/2024. This guide offers in-depth information and valuable insights into transfer pricing across various African countries, providing a comprehensive resource for understanding the evolving transfer pricing environment in the region.
