The island of Mauritius is considered a low-tax jurisdiction and offers key tax benefits including:
- 15% corporate and individual income tax rate
- No capital gains and no inheritance Tax on properties purchased
- Double taxation agreements with 36 countries including
General Principles of Taxation
- The Mauritius Revenue Authority is the body responsible for implementing the revenue laws in Mauritius.
- Mauritius has a tax system based on self-assessment which applies to residents whether they be natural or legal person.
- The fiscal year runs from 1st January to 31st December.
- Key taxes applicable: Income Tax, Corporate Tax, Value Added Tax, Property
Taxes, Customs and Excise, etc. Tax rates change subject to governmental policies.
- Double taxation agreements with various countries in place.
Note: The tax implications on property are subject to change according to changes in Mauritian taxation laws as prescribed by the Mauritius Revenue Authority.
Income Tax for an Individual (Residents)
- Taxes apply on salaries earned, income* derived from trade, business, profession and rent, other income such as interest, royalty, foreign dividends, charges, annuity
- Taxed on worldwide income, subject to remittance
- Rate of 15%
(Non-residents are taxed at 15% on income derived from sources in Mauritius)
*Note: Dividends received by an individual from a Mauritian
Income Tax for a Corporate – including Trusts (Residents)
- Taxes apply on income* such as trade profits, interest, royalty, foreign dividends and rent.
- Taxed on worldwide income
- Rate of 15%
- Corporate Social Responsibility tax of 2% of chargeable income
(Non-residents are taxed at 15% on income derived from sources in Mauritius)
*Note: Dividends paid out from a Mauritian Domestic Company are not subject to withholding taxes.
Reference: GMG TRUST MAURITIUS