Understanding Wealth Taxation in Mauritius
Wealth taxation is an important yet often debated aspect of fiscal policy aimed at addressing income inequality and generating...
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Mauritius operates a self-assessment tax system. Residents are taxed on global income, unless foreign income remains abroad. Resident companies are taxed on worldwide income regardless of remittance. Non-residents are taxed on Mauritius-sourced income. Residence is defined by domicile or days spent in Mauritius for individuals, and by incorporation or management location for companies. This tax framework is designed to promote transparency and compliance while fostering a business-friendly environment conducive to both local and international investment.
Anti-Avoidance Provisions
Mauritius does not have specific avoidance legislation that deems its residents taxable on profits accumulated by companies in low-tax...
Annual and Investment Allowances
Capital allowances in Mauritius are calculated based on the actual expenditure incurred by taxpayers. This calculation involves deducting any...
Principal Taxes
Taxpayers in Mauritius are classified into three main categories: Corporations, Individuals, and Trusts. 2. Individuals: 3. Trusts These classifications...
Personal Income Tax
The Mauritius Revenue Authority (MRA) oversees tax collection, ensuring compliance and revenue generation crucial to Mauritius’ economy. Personal Income...
Income Tax Department
The Income Tax Department, overseen by the Commissioner of Income Tax under the Ministry of Finance, manages income tax...
Taxable Income
Taxable Income Taxable income refers to the portion of an individual’s or entity’s income that is subject to income...
Other Tax Rates
In addition to the primary income and corporate taxes, a range of other taxes and levies apply to Mauritian...
Allowable Deductions
In Mauritius, expenses are generally deductible if they are incurred exclusively in the production of gross income and are...