Nepal notifies Mauritius of DTAA termination
Summary
Nepal has officially notified Mauritius of the termination of the bilateral Double Taxation Avoidance Agreement signed in 1999, effective from fiscal year 2083/84 (July 2026). The move aligns with Nepal's updated tax laws and global taxation standards.
Key Points
- Nepal has officially notified Mauritius about terminating the Double Taxation Avoidance Agreement signed on August 3, 1999.
- The termination will take effect from the first day of the fiscal year 2083/84 (mid-July 2026).
- The decision was made to align Nepal's tax framework with significant changes in domestic tax laws and the evolving global taxation system.
- Nepal plans to negotiate new tax agreements reflecting contemporary economic and fiscal realities, continuing collaboration with Mauritius on economic and tax cooperation.
