Trusted by professionals year after year

Mastering Taxation 2023

Mastering taxation
  • Event

Over its 9 years of existence, the Mastering Taxation programme has built a solid reputation amongst tax and accounting professionals in Mauritius. Participants tell us that Mastering Taxation is a great way for them to stay in touch with the latest tax updates. 

 

Mastering Taxation 2023 comprised of 4 carefully designed courses, which was delivered at the Hennessy Park Hotel, Ebene. The concept of the programme is to use a good mix of human interaction and technology to create a platform that fosters collaboration, learning and exchange of perspectives around tax matters.

 

Register your interest now

Read more about our different courses

The Income Tax Act provisions affecting corporations are increasingly complex and are subject to changes each year. Businesses need to understand the basic principles of corporate taxation and keep pace with developments in tax matters in order to fulfill their return filing obligations and avoid unnecessary disputes with the MRA.

This course covered the general principles of Income tax law including rules relating to taxability of income, deductibility of expenses, unauthorised deductions and best of judgment assessments.

Businesses are entitled to claim accelerated annual allowances, additional investment allowance to companies affected by Covid-19, double deductions on research and development, tax holidays, amongst others.  New regimes have been introduced following reviews by the OECD and the EU. It is therefore imperative that the companies understand how to compute their corporate tax liabilities under the new regimes and are aware of the allowable deductions. 

This course covered, amongst others, the new regime for the Global business, banking and freeport sectors, the taxability of foreign income, the partial exemption, substance requirements, apportionment of expenses and the application of foreign tax credit, as well as the pooling method and the source-by-source method.

Whilst Value Added Tax (“VAT”) is a tax on consumption borne by the final consumer, the supplier has the obligation to comply with the relevant laws and regulations. Not charging VAT on the right amount or at the right time may lead to considerable tax exposure. A sound knowledge of how and when to apply VAT is becoming increasingly important given the diversity of supplies, both in terms of goods and services.

This course covered the fundamentals of output VAT, which among others include charge to VAT, time of supply, VAT treatment of recharges between related companies and VAT refund scheme and the newly introduced VAT on digital companies. Relevant tax rulings and statements of practices issued by the MRA were analysed.

Not all input VAT incurred by a company can be claimed. Input VAT in respect of certain expenses (such as accommodation, motor cars, etc.) are simply not recoverable, while VAT incurred on common expenses should be apportioned where a company makes both taxable and exempt supplies.

Often, companies do not make the right claim for input VAT. Such practices may expose businesses to significant risk of penalties and interests as the company is over-claiming input VAT. Also, a VAT registered person can now claim repayment of VAT paid on goodwill on the acquisition of a business, computer software, patents and franchise agreements.

Meet the Trainers

Partner & Tax Leader

Associate Director

Senior Manager - Tax

< Back

< Back
[+] Read More

Required fields are marked with an asterisk(*)

As per National Identity card

As per National Identity card

By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us, you can send us an email message using the Contact Us page.

dates available

Dates
Future dates will be announced in due course.

time event

Time
9am - 12.30pm

cost fee

Cost
To be confirmed


MQA Approved - 3.5 CPD Hours per session

venue henessy

Venue
To be confirmed

contact us

Contact
For more details or design topics specific to your company needs, please reach out to Yamini Rangasamy on 5472 7339 or yamini.rangasamy@pwc.com
 

The Mastering Taxation experience

The sessions are very entertaining and instructive. We have definitely learnt a lot and understood better how to interpret the VAT Act.

AccountantBanking Sector

The venue, seating arrangement and general hospitality at the PwC Centre greatly contributed to my learning experience and I will surely come again.

AccountantMultinational Company

The sessions are very interesting and the facilitators always make time for our questions/queries to address more specific business concerns.

DirectorLocal Company

Contact us

Anthony Leung Shing, ACA, CTA

Anthony Leung Shing, ACA, CTA

Country Senior Partner, PwC Mauritius

Tel: +230 404 5071

Dheerend Puholoo, ACCA

Dheerend Puholoo, ACCA

Tax Leader, PwC Mauritius

Tel: +230 404 5079

Follow PwC Mauritius