| Taxation of Qualified Global Business
Entities | |
| | |
| Entity | |
| | |
| Type of income | Tax
Rate |
| | |
| Company
holding a Category 1 GBL (GBL1) including | |
| Management Company, Protected Cell Company | |
| Chargeable Income (as from 1st July 1998) | 15% |
| Dividends paid out of income derived by a GBC1 | Exempt |
| Interest paid by a GBC1 to a non-resident | Exempt |
| Capital gains realised on securities by non-residents | Exempt |
| | |
| Trust (whose settler is non-resident or all the beneficiaries
hold either at GBL1 or GBL2 | |
| Chargeable
income (trust's income less distributions) | 15% |
| However, the Trust can elect to be non-resident
by filing a declaration to that effect | |
| Distribution to resident beneficiaries | 15% |
| Non-resident Trust (Under GBL1) | |
| Income tax on income derived outside Mauritius | Exempt |
| Distribution to non-resident beneficiaries | Exempt |
| | |
| Societe (Under GBL1) | |
| Chargeable income | Exempt |
| Associate's income if associate is an individual | Max.
15% |
| Associate's income if associate
is a company | 15% |
| | |
| Company holding Category 2 (GBL2) | |
| Income | Exempt |
| Dividends interests, royalties paid by a GBL2
to a non-resident | Exempt |
| Capital
gains realised on securities by non-resident | Exempt |
| | |
| Bank holding a Category 2 Banking Licence | |
| Chargeable Income | pay
at 15% |
| | |
