by Anthony Leung Shing, Tax Leader
The Hon. Pravind Jugnauth, Minister of Finance and Economic Development painted a rather optimistic picture of the country’s performance, with some healthy fundamentals. In recent years, we have been accustomed to projects or measures being announced but being rolled over year after year and from one budget to another.
Video commentaries on the Budget 2018-2019, featuring Partners
Anthony Leung Shing, Rajeev Basgeet, Olivier Rey and John Li.
by Dheerend Puholoo, Tax Partner
The 2018-2019 Budget provides a number of measures that aim at creating new poles of economic growth and making Mauritius a High Income country. Further, in the wake of the Action Plan on Base Erosion and Profit Shifting (BEPS Action Plan), the Budget has brought in tax reforms that will be in conformity with the proposals made by the Organisation for Economic Co-operation and Development (OECD).
The 2017/2018 GDP growth rate has also remained at the 2016/2017 rate of 3.9%, thus falling short of the last 2 years’ forecast of 4.1%.
For 2018/2019, an estimated 4.1% GDP growth rate is also being maintained for the third consecutive year.
We reviewed the top 6 sectors of the Mauritian economy. Read more to know the latest measures announced in the Budget 2018-2019 and the key metrics you need to pay attention to.
As announced in the Budget Speech, the Finance Bill 2018 has brought major changes to the tax legislations, specifically in the Global Business sector. PwC Mauritius has summarised all the tax measures. Read more and download the full document.