Tax

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South Africans has been reassured around the taxation of foreign investments by the Economic Development Board of Mauritius. This is in response to the confusion and concern that follows an article published on BusinessTech entitled: “Bad news for South Africans with cash stashed in Mauritius“. In the article, it is stated that among other things, the Mauritius Revenue Authority (MRA) is targeting foreign trusts no longer exempt from income …

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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 …

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Dr Rama Sithanen wrote an interesting article on lexpress.mu regarding Mauritius: not a tax haven but competitive and attractive cross-border investment platform. In the article he says “The debate on the role and contribution of the International Financial Centre (IFC) of Mauritius is spiralling in acrimony unnecessarily. As long as the discussion is evidence-based, facts-driven and issues-embedded, it should be possible to have an informed and a civilised exchange …

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A new tax treaty between Mauritius and Kenya was signed after the Kenyan High Court ruled last month that the 2012 tax treaty between the two countries are invalid following a lawsuit. An article by Julie Martin published on MNE Tax on 15 April 2019 provides an oversight about what brought this new tax agreement between the Kenyan and Mauritius governments on. According to the Mauritius Prime Minister, Pravind …

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The Ministry of Finance and Economic Development published communication on the 13th of March 2019 regarding the EU Assessment of Third-Country Tax Jurisdictions. The communication is regarding the Council of the European Union that issued a press release on 12 March 2019. The document is an updated blacklist of non-cooperative jurisdictions for tax purposes. The blacklist contains 15 jurisdictions namely American Samoa, Guam, Trinidad & Tobago, US Virgin Islands, …

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LC Abelheim | Tax