Mauritius: Tax measures in Finance Bill 2021

No significant amendments proposed with regard to individual tax measures

No significant amendments proposed with regard to individual tax measures

The Finance (Miscellaneous Provisions) Bill 2021 has been released for consultation, and the draft legislation includes measures announced in the budget speech on 11 June 2021.

Once the legislation is approved by parliament and signed by the president, the measures would be enacted.

The bill includes proposed incentives and tax credits under the corporate tax regime in an effort to foster economic recovery from the effects of the coronavirus (COVID-19) pandemic. The tax incentives and credits would be made available to companies engaging in specific activities.

There are no significant amendments proposed with regard to individual tax measures.

One measure would provide that trusts and foundations would no longer be eligible to apply for non-residence or be exempt from income tax in Mauritius.

Read a July 2021 report prepared by the KPMG member firm in Mauritius


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