If a resident of Mauritius derives income from a foreign country that has not concluded a tax treaty with Mauritius and foreign income tax is paid on the income, that tax may be credited against Mauritian income tax. The credit is limited on a source-by-source basis to the lesser of the foreign tax paid on the income concerned and the Mauritian income tax payable on the same income. In the case of foreign-source dividends, no credit relief is granted for foreign corporate income tax borne on the profits out of which the dividends are paid (underlying tax).<\/p>\n","protected":false},"excerpt":{"rendered":"
If a resident of Mauritius derives income from a foreign country that has not concluded a tax treaty with Mauritius and foreign income tax is paid on the income, that tax may be credited against Mauritian income tax. The credit is limited on a source-by-source basis to the lesser of the foreign tax paid on the income concerned and the Mauritian income tax payable on the same income. In the case of foreign-source dividends, no credit relief is granted for foreign corporate income tax borne on the profits out of which the dividends are paid (underlying tax).<\/p>\n","protected":false},"author":1,"featured_media":3952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[],"class_list":["post-2859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-taxation"],"acf":[],"yoast_head":"\n