Several key measures have been announced such as the reduced tax rate on profits from export of goods for domestic companies, tax exemptions for companies engaged in pharmaceutical and high tech products and the new solidarity levy on revenues exceeding Rs3.5m.
The provisions of the Finance Bill will only become effective once it is ratified by the Parliament and assented by the President of the Republic of Mauritius. Therefore, you are cautioned to consult with your tax advisor or ourselves prior to any action being taken. In any event, we neither make any representations, nor shall we have any liability, including claims for damages of any nature, to any parties, in connection with this newsletter.
Please talk to us should you wish to discuss matters concerning the The Finance Bill 2017.