Mauritius encourages foreign
investment, and as a result, various tax reliefs have been introduced to
international standards. Competence of the Organization for Economic
Co-operation and Development (OECD), Mauritius adheres to international
standards of transparency.
Income Tax
Mauritius has a Pay-Per-Income Earning system. Salaries of
income tax are directly deducted and sent to the employer of the Marshalese
Revenue Authority. There is a double taxation agreement between Mauritius and
many countries, including Great Britain, South Africa, Germany, Australia,
China and India, through which the citizens of those countries do not have to
pay tax in Mauritius as well as their country.
Personal Income Tax
The resource is deducted from the salary system by the owner
of income, salaries and pension funds. Employees need to report any earnings
that are not their salaries (e.g. Copyright, dividends, foreign sources, etc.).
On the employee's letter (EDF), which the employer gives to calculate the
profit and deduction tax. Tied amount Once a year, an employee must file a return on income tax to
the Mauritius Revenue Administration (MRA). In Mauritius, a tax resident may
benefit from an income tax exemption (IET), which is Rs. It increases to
300,000 or more. 550,000 (for 2018) depends on the person's category, which
includes how many people depend on IET. Fixed tax rate for individuals is 15%.
Corporate income tax
Corporate Income Tax is set to 15%. It applies to:
- Received profits gained from business activities.
- Received foreign benefits.
- Received rent.
When a person receives annuity or other business activity,
they must file a tax return in the quarter under the current financial system,
provided that the income is not less than Rs. Tax paid for KM 4 million or last
year is not higher than Rs. 500.
Similarly, corporations with taxable residents in Mauritius
must comply with the Advance Payments System (APS) and submit a quarterly MRA
return, until the total income of the last account holder is less than Rs 10
million or there was no chargeable income.
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