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Mauritius-Authorised company

Basic taxes (briefly)

Personal tax 10-15%
Corporate tax (in detail) The corporate income tax rate is 15%. Exporting companies pay tax on export income, determined according to the relevant rules, at a rate of 3%.
Capital gains tax. Details Gains from the disposal of assets are not taxed unless recognized as profits from commercial trading activities.
VAT. Details VAT rate is 15%
Other taxes Social contributions, Real estate transfer tax, lease transfer tax, registration fee
Government fee
Stamp duty 25-1.000 MUR

International tax agreement

   


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TAXATION

General Info

Authorised Company companies are exempt from taxation in Mauritius.

Individual Taxation

An individual is liable to Mauritian income tax on his world income if he is resident except for earned income which is liable to tax to the extent to which it is remitted.
Non-residents will generally be liable to tax only on income derived from Mauritius.
Tax rate is 15%.

Corporate Income Tax

Companies resident in Mauritius are liable to income tax on their world income.
A company is deemed to be resident in Mauritius if it is incorporated in Mauritius or has its central management and control in Mauritius. Non-resident companies are liable to income tax only on income derived from Mauritius. All companies are liable to tax on their chargeable income at a uniform rate of 15%.
Authorised Company companies are exempt from corporate tax.

Capital Gains Tax

No tax is imposed on capital gain in Mauritius.

Dividends

Dividends paid by a Mauritius-resident company are exempt from income tax. Foreign dividends are taxable, but a credit can be claimed for underlying and withholding tax.

Losses

Losses may be carried forward for 5 years, except for losses arising from annual allowances on capital expenditure incurred after 1 July 2006. The carryback of losses is not permitted.

Tax Year

The tax year is a calendar year.

Withholding Tax

Dividends: Mauritius does not levy withholding tax on dividends.
Interest: a 10% withholding tax generally applies, unless it is specifically exempted.
Royalties: The general rate of withholding on royalties is 15%, although a 0% rate applies to specified nonresidents.
Technical service fees: a 10% withholding tax is generally levied on technical service fees, unless specifically exempted
Branch remittance tax: no
Authorised Company companies are exempt.

VAT

VAT is levied on the supply of goods and the provision of services.
The VAT rate is 15%.

VAT Registration

The registration threshold is MUR 4 million.

VAT Tax Period and Returns

Filing and payment is made on a monthly basis.

Stamp Duty

Stamp duty is not levied in Mauritius.

Government Fee

Annual Registration Fee to Registrar for Authorised Company companies is US$ 65.

Other Taxes and Duties

There are no other taxed in Mauritius.

Anti-Avoidance Rules

Transfer pricing: no.
Thin capitalization: no.
Controlled foreign companies: no.
Disclosure requirements: no.

Double Tax Agreements

Mauritius has exchange of information relationships with 60 jurisdictions through:

  • 55 DTCs: Austria, Bangladesh, Barbados, Belgium, Botswana, China, Congo (Democratic Republic of the), Congo (Republic of the), Croatia, Cyprus, France, Gabon, Germany, Ghana, Guernsey, India, Italy, Jersey, Kenya, Kuwait, Lesotho, Luxembourg, Madagascar, Malawi, Malaysia, Malta, Monaco, Mozambique, Namibia, Nepal, Nigeria, Oman, Pakistan, Qatar, Russian Federation, Rwanda, Senegal, Seychelles, Singapore, South Africa, Sri Lanka, Swaziland, Sweden, Tanzania, Thailand, Tunisia, Uganda, United Arab Emirates, United Kingdom, Zambia, Zimbabwe.
  • 10 TIEAs: Australia, Australia, Denmark, Faroe Islands, Finland, Greenland, Guernsey, Iceland, Norway, United States.

Foreign exchange control

There is no foreign exchange control in Mauritius.

ACCOUNTS

Accounting Records

A Mauritius Authorised Company should maintain accounting records.
These can be kept outside Mauritius and in any currency.

Financial Statement

A Mauritius Authorised Company should prepare and file annual financial statements under IFRS.
The accounts are not publicly accessible.

Audit

A Mauritius Authorised Company is not subject to audit requirements.

Annual Return

A Mauritius Authorised Company is required to file an annual return with a summary of its financial position within 6 months from the year end.

Tax Returns

There is no requirement for a Mauritius Authorised Company to file a tax return.

    Taxes of Mauritius

    Min. rate for corporate tax 15%
    Capital gains tax 0%
    VAT 15%
    Withholding tax 0%/15%/15%
    Exchange control No
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