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Mauritius: Tax measures enacted in Finance Act 2019

Mauritius: Tax measures enacted in Finance Act 2019

The Finance (Miscellaneous Provisions) Act 2019 received the president’s assent on 25 July 2019.

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Among the tax measures in the 2019 Act are the following:
  • “Tax holidays” for companies engaged in certain activities including bunkering, operation of e-commerce or peer-to-peer lending platforms, or development of a marina
  • Extension of an 80% partial exemption regime to apply to income from reinsurance and reinsurance brokering activities, from leasing and provision of international fibre capacity, and from the sale or financing arrangement of aircraft and spare parts and including aviation-related advisory services
  • Consolidation of the anti-avoidance rules by including controlled foreign company (CFC) rules and rules to prevent companies from splitting their businesses to avoid value added tax (VAT) registration
  • A program for voluntary disclosure for taxpayers with overseas assets to regularise their tax affairs prior to an investigation initiated by the tax authority based on information received under the FATCA and common reporting standard (CRS) regime
  • An increase of the special tax levy on certain banks from 4% to 4.5%
  • Personal liability of principal officers of private companies for unremitted amounts of VAT


Read a July 2019 report [PDF 1.69 MB] prepared by the KPMG member firm in Mauritius

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