Types of Taxes
Income Taxes Mauritius has a well-structured tax system that seeks to strike a balance between economic expansion and income...
Income tax for both companies and individuals is governed by the Income Tax Act 1995 and regulations by the Minister of Finance. Amendments typically follow the annual Budget Speech. Taxation is on income accrued in or derived from Mauritius. The year of assessment runs from July 1st to June 30th, with PAYE system for employment income. Chargeable income is determined after adjusting for non-allowable deductions.
Taxation terminology
Audit It is an official examination that is done to check a company’s financial records to confirm that an...