The Mauritius Revenue Authority (MRA) announced on 15 January 2016 that the first exchange of information under the OECD's new Common Reporting Standard (CRS) would begin in September 2018 - a year later than originally planned.
Initially, Mauritius was among the first 51 jurisdictions ("the early adopters"), that signed a multilateral competent authority agreement in October 2014 to automatically exchange information on financial accounts. These countries committed to start exchanging information automatically in 2017.
The MRA has recently announces that the requirement to apply due diligence procedures to record tax residence of clients opening new accounts would now take effect as from 1 January 2017 rather than 1 January 2016, and the guidance notes for the implementation of CRS would be finalised by a technical committee.