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.
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Source: Government Gazette of Mauritius No. 85 of 20 August 2019