Understanding Wealth Taxation in Mauritius
Wealth taxation is an important yet often debated aspect of fiscal policy aimed at addressing income inequality and generating...
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 any avoidance legislation under which its residents may be deemed to be taxable on profits...
Annual and Investment Allowances
Capital allowances are based on expenditure actually incurred, i.e. after deducting any subsidies received or exchange gains on foreign...
Principal Taxes
Taxpayers are classified as follows: 2. Individuals: 3. Trusts The main taxes applicable to taxpayers in Mauritius are: 2....
Personal Income Tax
The Personal Income Tax Rate in Mauritius is reported by the Mauritius Revenue Authority (MRA). The MRA holds a...
Income Tax Department
The Income Tax Department, which is headed by the Commissioner of Income Tax administers income tax. It falls under...
Taxable Income
The taxable income of a person comprises the gross income from different sources, such as business, property and investments...
Other Tax Rates
There are a range of other taxes and levies that apply to Mauritian residents, including the following (as of...
Allowable Deductions
In general, expenses are deductible if they are incurred exclusively in the production of gross income and are not...