The Mauritius Government issued the Income Tax (Amendment No. 2) Regulations 2019 (the Regulations) in LEGAL SUPPLEMENT 805
to the Government Gazette of Mauritius No. 85 of 20 August 2019.
The Regulations set forth provisions on the following:
a. Substance requirements insofar as it concerns the partial exemption regime (PER) introduced by section 35 (bc)(ii)(V) and (VII) of the Finance (Miscellaneous Provisions) Act 2018 (FMPA 2018) and section 26 (ac) (ii)(B)(IV) of the Finance (Miscellaneous Provisions) Act 2019 regarding certain income streams
b. The computation of the income attributed to a Controlled Foreign Company (CFC)
c. Substance requirements for a freeport operator or developer to benefit from the preferential tax rate of 3%
The Regulations are effective as from 1 July 2019.
For more information, please click HERE.
Source: Government Gazette of Mauritius No. 85 of 20 August 2019
Photo by Ashim D’Silva on Unsplash
The Financial Services Commission (FSC) Mauritius published a Circular Letter on the 12th of October 2018 regarding substance requirements for Global Business …
Mauritius maintains the first position as a “mostly free” economy in Sub-Saharan Africa according to the 2017 Index of Economic Freedom …
Minister of Financial Services and Good Governance, Mr. D. Sesungkur promotes Mauritius at International Financial Centre in the Gulf The Government …