(3 Minutes Read)
The Double Taxation Avoidance Treaty avoids taxing a good and service traded between the signatories twice. It will be taxed only in one country
Toeing in line with the step taken by Burkina Faso, the military regimes of Mali and Niger announced that they were denouncing their double taxation avoidance agreements with France’s persistent hostile attitude against the Sahel States and the unbalanced nature of these agreements. The Double Taxation Avoidance Treaty avoids taxing a good and service traded between the signatories twice. It will be taxed only in one country.
The agreements will expire within three months. The implications of these hostile actions are not immediately known. The Double Taxation Avoidance Treaty with Mali and Niger can be traced back respectively to 1972 and 1965, covering personal and corporate income tax, inheritance tax, and registration duties.
Mali’s and Niger’s ties with France since the military seized power in these countries soured The authorities of another Sahelian country whose military took over in 2022, Burkina Faso, had already denounced the tax treaty with France a few months ago.
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The three countries, faced with jihadism and similar problems, allied this year, and their foreign ministers have just proposed the creation of a confederation.
