WTS Mauritius Tax Edge - Newsletter

Finance (Miscellaneous Provisions) Bill 2020

Author

Mohammad Akshar Maherally

Managing Director

Mauritius

View Profile

The Finance (Miscellaneous Provisions) Bill 2020 will be introduced into the National Assembly for parliamentary debates on Tuesday 7 July 2020.

In this edition of our newsletter, we have pleasure in bringing to you our synopsis of the main changes proposed to the tax and corporate legislations. It is indeed interesting to note that, among the above-mentioned controversial budgetary measures, the Gross Income Levy and the restriction on the applicability of the partial exemption on interest income did not make it to the Finance Bill. While the framework for the application of the Contribution Sociale Generalisée does feature in the Finance Bill, the applicable rates and benefits are yet to be prescribed. As for the Solidarity Levy, it is presented in a re-packaged style which is now non-discriminatory, but still a sore to the pockets of many of those impacted.

Please download the full newsletter from WTS Mauritius here.

Download Mauritius Tax Edge Newsletter

PDF

Articles you might be interested in

On 16 March 2021, the CJEU upheld the European General Court’s judgments Commission vs. Poland and Commission vs. Hungary, which had ruled that the Polish tax on the retail sector and the Hungarian tax on advertisements did not infringe EU law on State aid.

CJEU rules that Hungarian and Polish progressive taxes on turnover do not violate EU State aid rules - ETLC Newsflash #20

With the adoption of its resolution "on digital taxation: OECD negotiations, tax residency of digital companies and a possible European digital tax", the European Parliament is initiating an international tax revolution.

Wake-up call: European Parliament demands EU to take appropriate action in taxing the digital economy

On 20 April, the UN Committee of Experts on International Cooperation in Tax Matters agreed to adopting a new article 12B, which grants new taxing rights to the source state on income derived from automated digital services.

An active UN adopts new UN model treaty provision regarding income from automated digital services

Get in contact

If you have any questions about WTS Global or our global services, please get in touch.
We will respond to you as soon as possible.

Contact