In series:Global Forum on Transparency and Exchange of Information for Tax Purposes: Peer Reviewsview more titles
Published on March 14, 2016
Also available in: French
The Phase 2 review rates Mauritania as overall largely compliant with the international standard. Mauritania’s legal framework generally ensures that ownership, accounting and banking information are available according to the standard. Mauritania has taken action to address a key recommendation made in its Phase 1 peer review regarding bearer shares. This is a significant improvement, however the changes might not ensure the identification of the owners of bearer shares in all circumstances. The report notes that Mauritanians’ authorities have the power to obtain and provide information in accordance with the standard. The report recommends improvements in the EOI network and ratification process to ensure Mauritania has agreements to the standard with all relevant partners. Finally, Mauritania has recently set up a dedicated unit and a detailed process to manage exchange of information requests, however this has not been tested in practice. For further information on Mauritania’s exchange of information practices and to read the full report click here.