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.


Related content

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 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal