WTS Mauritius Tax Edge - Newsletter

Finance (Miscellaneous Provisions) Bill 2020

Author

Mohammad Akshar Maherally

Managing Director

Mauritius

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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.

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