Taxation in Mauritius

• Zero tax for GBL2’s

• Low tax rate for GBL1’s

• No withholding tax on the remittance of branch profits

• No Capital gains tax

• No withholding tax on interest, royalties and dividends

• No limit on the carry forward of tax losses

• Royalties, interest and service fees payable to foreign affiliates are allowed as expenses provided they are reasonable and correspond to actual expenses incurred

• Interest paid on deposits lodged with offshore banks are tax exempt

• Investment tax credit of 10% for Capital expenditure

• Dividends paid are tax exempt

• Royalties paid to non-residents are tax exempt

• No estate duty, inheritance, wealth or gift taxes

• No stamp duties, registration duties or levies

• Zero rated value added tax for offshore business transactions

• Duty concessions on office equipment, furniture and motor vehicle

• No exchange control requirements

• Full mobility where applicable