Mauritius is a low tax jurisdiction with an investor-friendly
environment to encourage both local and foreign companies to set up
The Fiscal regime includes:
An attractive corporate and income
tax rate of only 15%. All income accruing in or derived from
Mauritius by a resident company is chargeable to corporate tax
No capital gains tax
Generally no withholding tax on
dividends Exemption from customs duty on equipment(s)
The tax rate is as follows:
Corporate tax: 15%
Income tax (personal tax): 15%
Value-Added Tax (VAT): 15%
Corporate Social Responsibility (CSR
tax): 2% on book profits
Land Transfer tax: 5%
Registration duty: 5%
The Mauritius Revenue Authority is the agency responsible for
collecting corporate tax, income tax and VAT in Mauritius. The
fiscal year runs from the 1st of July to the 30th of June.
Additionally, Mauritius offers two types of companies to
international clients, namely the Category One Global Business
Licence ("GBC 1") and the Category Two Global Business
Licence ("GBC 2"). The formation and on-going maintenance
of both companies are time and cost efficient and rest on very
flexible and modern company and financial services
A GBC 1 company is tax resident in Mauritius and is eligible to
benefit from the vast network of DTAs ratified by Mauritius. GBC1
companies also benefit from a deemed foreign tax credit equal to
80% of their taxable profits.
GBC 2 are tax exempt entities and hence are not considered tax
resident for tax treaty purposes, but they are more user friendly
and bear resemblance to the International Business Company
("IBC") available in other jurisdictions.
Originally produced by Juristconsult Chambers for DLA
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The Common Reporting Standard (CRS) has been initiated by the Organization for Economic Cooperation and Development (OECD) aiming at improving international tax compliance and preventing tax evasion, through the automatic exchange of information between the countries that implement CRS.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).