The government of Mauritius recently published a notice implementing the Income Tax (Country by Country Reporting) (Amendment) Regulations which deal with penalties for noncompliance. According to Notice No. 86 of 2019, published in the official gazette on 4 May, if a taxpayer fails to comply with any CbC reporting obligation, it will be liable to a penalty of MUR 5,000 (about $137). If that penalty is imposed and the noncompliance continues, the taxpayer will be subject to an additional penalty of MUR 10,000 per month for every month the noncompliance continues, up to MUR 120,000. Taxpayers may also be liable...