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| | | The complexity
of business operations and the speed of change, particularly within the financial
sector, have seen tax consulting become an increasingly important popular option. |
| | | Tax
system example in Mauritius | | | | Income
tax | | The taxation of income of both companies
and individuals is governed by the Income Tax Act 1995. Changes in law and in
other regulations are affected every year by means of the Finance Act, which follows
the Budget Speech of the Minister of Finance. | | |
| Corporate Income Tax | | For
income tax purposes, a company is defined as a corporate body (except a local
authority), whether incorporated in Mauritius or abroad. A company is regarded
as a separate taxable entity distinct from its shareholders. Taxable income for
a company includes income derived from any business, rent, royalties, premium,
property, dividends, interest, etc | | | | Residence |
| A resident company is liable to income tax on its worldwide
income excluding exempt income; a non-resident company is liable to income tax
on all its income arising or deemed to arise in Mauritius. The ITA 1995 defines
a resident company as one, which is incorporated in Mauritius or has its central
management and control in Mauritius | | | |
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| Taxation of Qualified Global
Business Entities | | | |
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Type of taxes | | |
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