A company that subscribes to the share capital of a tax incentive company on the Stock Exchange is allowed a tax credit (by way of deduction from its income tax payable) equal to 10% of the amount actually paid in cash. The credit is spread equally over two income years, but may not exceed MUR 300,000 in any one income year. A Modernisation and Expansion Enterprise incurring capital expenditure of at least MUR 10 million is also allowed a tax credit of 10% of the capital expenditure incurred. Companies engaged in the export of goods manufactured in Mauritius or in the provision of services to non-residents are allowed tax credits as may be prescribed.
