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Mauritius Income Tax Rates 2015

Individuals

Taxable Income Tax Rate (%)  
Basic tax rate 15

 

Companies

Taxable Income   Tax Rate (%)  
(i) Domestic company (*) 15
(ii) Global Business Company (Category 1) 3
(iii) Global Business Company (Category 2) 0
(iv) Banks 5

(*) In addition, domestic companies are required to set up a Corporate Social Responsibility (CSR) fund equal to 2% of chargeable income.

(i) An alternative minimum tax equal to the lower of 7.5% of accounting profits or 10% of dividends declared for the relevant year is imposed to domestic companies.

(ii) A company holding a category 1 Global Business License (GBC 1 company) is entitled to claim a credit for the greater of the actual foreign tax incurred or a deemed foreign tax credit equivalent to 80% of the Mauritius tax payable, giving a maximum effective tax rate of 3%.

(iii) A company holding a category 2 Global Business License (GBC 2 company) is not considered to be resident in Mauritius for tax purposes and as such does not have access to the tax treaty benefits.

(iv) Tax is calculated on book profits. Not applicable if book profit does not exceed 5% of operating income.

VALUE ADDED TAX (VAT)

Standard rate 15%

CAPITAL GAINS TAX (CGT)

Individuals

Capital gains are exempt from taxation.

Companies

Capital gains are exempt from taxation.

LOSSES

Tax losses may be carried forward for five years, except for losses arising from annual allowances on capital expenditure incurred after 1 July 2006. The carryback of losses is not permitted.

TREATY NETWORK

43 countries (4 await ratification).

WITHHOLDING TAX

  • Dividends: 0%
  • Interest: 10% (0% if interest is paid by GBC 1 company to non-residents)
  • Royalties: 15% (0% if royalty is paid by GBC 1 company to non-residents)
  • Rent: 5%
  • Payments to contractors and sub-contractors: 0.75%
  • Payments to specific service providers: 3%
    Unless reduced/exempt under relevant tax treaty
 

Doing Business Abroad - Tax Rates 2015 /2016

 
Albania | Angola | Austria | Azerbaijan | Bahrain | Belgium | Bulgaria | Cameroon | Croatia | Cyprus
Czech Republic | Denmark | Egypt | Estonia | Finland | France | Georgia| Germany | Greece
Hungary | Ireland | Isle of Man | Israel | Italy | Jordan | Kazakhstan | Kenya | Kuwait | Latvia | Lebanon
Liechtenstein | Lithuania | Luxembourg | Malta | Mauritius | Morocco | Netherlands | Nigeria
Norway | Oman | Palestine | Poland | Portugal | Qatar | Romania | Saudi Arabia | Serbia | Slovakia
Slovenia | South Africa | Spain | Sweden | Switzerland | Tanzania | Tunisia | Turkey | Uganda
Ukraine | United Arab Emirates | United Kingdom | Yemen
Contact Us
Ajay O. Sewraz
Crowe Horwath (Mur) Co.
2nd Floor, Ebene Esplanade, 24, Bank Street
Ebene Cybercity 72201
Mauritius
+230 403 05 00