International Tax is constantly evolving especially following the Base Erosion and Profit Shifting (BEPS) Action Plan which has revamped the taxation of cross-border transactions. Mauritius has implemented Action 15 of the BEPS Action Plan where the MLI position came into force on 1 February 2020 and the amendments to the treaties will take effect from 1 August 2020 onwards. However, Mauritius still has to face numerous challenges following European Union’s decision to blacklist Mauritius for money laundering and terrorist financing and deficiencies pointed out by the Financial Action Task Force (FATF).
It is critical that businesses and MNEs keep abreast with the changing taxation environment to understand its impact in their home jurisdictions as well as in other countries where they do business. The course will provide insights into the BEPS 1.0 covering the minimum standards and the MLI and BEPS 2.0 including taxation of the digital economy and the Global Anti-Base Erosion (GloBE) proposal. The course will also provide up to date information on the progress of Mauritius to be removed from the EU blacklist and FATF monitoring list.
At the end of the course, attendees will gain an understanding of the tax risks and implications of dealing across jurisdictions, as well as the latest trends and issues in cross border contracting.
Mauritius has a vast network of Double Taxation Agreements (DTAs) with countries around the world. The interpretation and application of the DTAs are key to strategic tax planning.
This course will explain the application of DTAs, including residency rules, taxation of employment income and permanent establishment, concept of beneficial ownership, taxation of the different income flows (dividends, interests and royalties) and foreign source income and elimination of double taxation.
At the end of the course, attendees will have a good understanding of the interpretation and application of DTAs.
On 05 July 2017, Mauritius signed the Multilateral Convention (MLI) to Implement Tax Treaty Measures to Prevent Base Erosion and Profit Shifting which is a novel mechanism to rapidly modify a large number of bilateral tax treaties. The MLI position of Mauritius came into force on 01 February 2020 where the amendments to the treaties have taken effect from 01 August 2020 onwards.
During this course, the provisions of the MLI will be discussed thoroughly so as to enable you to understand how the MLI operates, the choices made by Mauritius and how these have been documented through the use of the MLI template. The course will also provide an insight into synthesised texts that are being prepared by tax authorities and the updated changes made to the OECD Model Tax Convention.
At the end of the course, attendees should be able to interpret the various MLI provisions and have a good understanding of the impact of the MLI on existing Mauritian tax treaties.
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, when and on what to apply VAT is becoming increasingly important given the diversity of supplies, both in terms of goods and services.
This course will cover 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 statement of practices issued by the MRA will be analysed.
At the end of the course, attendees will understand when a business should be VAT registered and impose VAT, what are the different types of supplies, as well as the VAT treatment for certain specific transactions.
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.
This course will give not only a deep insight of the different aspects of irrecoverable input VAT supported by tax rulings and court cases, but also changes brought by the Finance (Miscellaneous Provisions) Act 2020.
Many employers find their PAYE responsibilities technically challenging and complex, especially with the introduction of PAYE on solidarity levy. They often face difficulties when onboarding new employees, determining the correct treatment of benefits in kind. or any amount paid to an employee. Tax deduction at source (TDS) is an important feature of Income Tax. A company making specified payments such as professional fees, commission, interest, royalties, rent, etc. is liable to deduct a certain percentage of tax before making payment.
This course will cover the basic fundamentals of PAYE in terms of the definition of emoluments, deduction in connection with employment, exemptions/reliefs, international tax aspects for expatriates as well as other compliance requirements. It will also cover the application of Contribution Sociale Généralisée (CSG),specific sources of income subject to TDS, the obligation of the payer as well as the penalties and interests imposed by the MRA upon non-compliance with the legislation.
At the end of the course, attendees will have a good technical understanding of PAYE, TDS to help their businesses improve their PAYE and TDS processing and mitigate any tax risk.
The Finance (Miscellaneous Provisions) Act 2020 has brought a number of measures which impacted on our tax legislations such as accelerated annual allowances, additional investment allowance to companies affected by Covid-19, double deductions on research and development, tax holidays, amongst others. Also, the grandfathering period for Global Business companies will end on 30 June 2021. It is therefore imperative that the companies understand how to compute their corporate tax liabilities under the new regime. An understanding of the changes in the tax legislations is necessary to allow taxpayers to discharge their tax obligations.
This course will cover, amongst others, the basic principles of taxation in Mauritius, the taxability of foreign income, the partial exemption and the application of foreign tax credit, as well as the rules regarding deductibility of expenses.
At the end of the course, attendees should be able to understand the new changes brought by the Finance (Miscellaneous Provisions) Act 2020, the general principles of taxation as well as evaluate the deductibility of an expense.
Move your knowledge and skills to another dimension through role plays and case studies.
Get insights from experienced trainers having several years of practice in the industry and experience with tax authorities.
Get support from personal tax advisors and supporting content from our tax team as well as from the PwC network.
Given the current sanitary measures recommended by the local authorities, we've suspended the programme until further notice. Consult our FAQ for more information.
➟ Read our course FAQ
See in session information
9am - 12.30pm
Single course fee per participant
Packages for group bookings avalaible.
For International Aspects of Income Tax sessions, the course fee if you register to ALL 3 modules is discounted to Rs 5,000 per session (i.e Rs 15,000 instead of Rs 19,500).
HRDC Approved - 3.5 CPD Hours per session
Please issue cheque in favour of PricewaterhouseCoopers Ltd
Direct deposit or Electronic Fund Transfer:
Account name: PricewaterhouseCoopers Ltd
Bank: The Mauritius Commercial Bank
Account Number: 000120031272
IBAN Number: MU34MCBL091200000031272000MUR
Greatly impressed by the level of mastery in the taxation field by the facilitators. Complex made simple. Provides insights and updates on the application of taxation including recent changes in taxation to our business environments.
Yet another inspiring and concise training session from PwC tax team
The 3 sessions on the International Aspects of Taxation were all enriching and so simply and clearly delivered. The facilitators mastered the subjects and maintained very lively sessions. I will surely come back.
Anthony Leung Shing, ACA, CTA
Country Senior Partner, PwC Mauritius
Tel: +230 404 5071
Tax Leader, PwC Mauritius
Tel: +230 404 5079