Mauritius: Direct and indirect tax measures in Finance Bill 2023

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

Direct and indirect tax measures in Finance Bill 2023

The Finance (Miscellaneous Provisions) Bill 2023 has been released for consultation, and the draft legislation includes measures announced in the budget speech on 2 June 2023. Read TaxNewsFlash

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

  • Introduction of a number of corporate income tax incentives, ranging from additional partial exemptions to double or triple tax deductions of certain expenditures, in order to boost certain sectors or activities
  • Elimination of the incentive tax rate of 5% applicable to banks with chargeable income over MUR 1.5 billion (although the amendment would not apply retroactively from year of assessment 2022/23 as announced in the budget speech)
  • Extension of the negative excise duty scheme for one additional year
  • Refund of 5% (up to MUR 500,000) under the home ownership scheme and an extension of the home loan payment scheme to 30 June 2024

Read a July 2023 report [PDF 2.4 MB] prepared by the KPMG member firm in Mauritius


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.