Mauritius: Tax proposals included in budget 2020-2021

Mauritius: Tax proposals included in budget 2020-2021

The Minister of Finance, Economic Planning and Development, on 4 June 2020 presented the 2020-2021 budget.

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The budget reflects that the government has embarked into the post-COVID-19 pandemic era with relief measures proposed for the tourism industry, such as allowing hotels to be converted into service apartments that can be sold individually, a two-year no-licence fee period, a waiver of state land rental payments for one year, and an increase in the rebate scheme for renovation and restructuring to 100% until 2022.

Other measures would allow for a 50% reduction of port dues and handling charges and an exemption from land transfer tax on the acquisition of immovable property by export companies.

Under the budget proposals. High-earning Mauritian residents would be subject to an increased rate of the solidarity levy on income in excess of MUR3 million, with the rate increasing from 5% to 25%.


Read a June 2020 report [PDF 1.9 MB] prepared by the KPMG member firm in Mauritius 

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