Mauritius, an island nation east of Madagascar off the southeast coast of Africa, gained independence in 1968. A stable democracy with regular free elections and a positive human rights record, the country has attracted considerable foreign investment and has earned one of Africa's highest per capita incomes. Mauritius is divided into ten districts and three dependencies, and its capital is Port Louis. Its official language is English, and its currency is the Mauritian rupee (MUR).
Since independence, Mauritius has developed from a low-income, agriculturally based economy to a middle-income, diversified economy with growing industrial, financial, and tourist sectors. For most of this period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy depends on tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, hospitality, and property development.
Mauritius is ranked first in Africa for:
- Overall Ranking on the Ease of Doing Business, according to the World Bank Doing Business Report 2017.
- Global Competitive Index 2017-18, according to the World Economic Forum.
- Index of Economic Freedom, by The Wall Street Journal & The Heritage Foundation Index of Economic Freedom 2018.
According to Statistics of Mauritius, the growth of gross domestic product (GDP) at basic prices was 3.8% in 2017. The headline inflation rate increased from 1.0% in 2016 to 3.7% in 2017.
Investment as a ratio of GDP has increased to 17.3% in 2017 compared to 18.2% in 2016, and total foreign direct investment for the period of January 2017 to September 2017 was 362 million United States dollars (USD). GDP per capita for financial year 2017 was USD 10,694.
PwC Mauritius is recognised as a thought leader and a change initiator, where more than 200 professional staff combine the resources of a global organisation with detailed knowledge of local issues. The firm serves a large number of companies doing business in Mauritius, including multinationals, a cross section of local businesses, and public institutions.
The focus of PwC Mauritius's tax practice is tax strategy, planning, and compliance. The firm's professionals develop and deliver tax solutions across a diverse range of industries, including financial services, consumer and industrial products, construction, and agriculture. The tax services offered by PwC Mauritius include:
- Assessment and appeals.
- Corporate (income) tax services.
- International assignee solutions.
- Value-added tax (VAT) services.
- Tax advisory and planning services.
- Tax health checks.
- Expatriate support and residency.
- Legal services.