The International Comparative Legal Guide to private client 2013: Mauritius
Tax on income in Mauritius is charged at a flat rate of 15%. Under the current tax regime, non-residents are generally taxed only on their Mauritius-source income while residents, on the other hand, are liable to income tax on their Mauritius-source income and any foreign-source income which is remitted to Mauritius.
Resident individuals are further entitled to an income exemption threshold which can be deducted from their chargeable income. Any foreign taxes incurred by a resident on its foreign-source income may be credited against any income tax payable in Mauritius in respect of that income (upon submission of written evidence of the foreign tax suffered, where applicable).
Notwithstanding the above, resident entities holding a category 1 global business licence, in the absence of evidence of any foreign tax suffered, is entitled to claim 80% of the Mauritius tax payable as a deemed foreign tax credit in law…
If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.
News from Appleby
News from The Lawyer
Briefings from Appleby
Latin America has become an emerging market for Bermuda’s world-leading captive insurance industry.
The long awaited draft Finance Bill for 2013 has finally been published, providing further information as to the way UK residential properties valued at over £2 million will be taxed from April 2013.