LIVE NEWS
The Assessment Review Committee (ARC) has ruled in favour of the Mauritius Revenue Authority (MRA) in a Rs 10 billion case involving Avago Technologies Trading Ltd (ATTL) against the Director General of the MRA. The decision was rendered on Wednesday, July 3, 2024. This is according to a press release issued by the body on Friday, July 5.
The case involved royalty payments amounting to 98% of the multinational company's profits, which the MRA deemed excessive. The amount of tax in dispute is around Rs 10 billion.
The CRA decision is a landmark decision in transfer pricing and anti-tax evasion matters in Mauritius. Read the full press release below:
