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 and 20th worldwide on the Ease of Doing Business, according to the World Bank Doing Business Report 2019.
According to Statistics of Mauritius, the growth of gross domestic product (GDP) at basic prices was 3.8% in 2018. The headline inflation rate increased from 1.0% in 2016 to 3.7% in 2017.
Investment as a ratio of GDP has increased to 18.7% in 2018 compared to 17.3% in 2017, and total foreign direct investment for the period of July 2017 to June 2018 was 484 million United States dollars (USD). GDP per capita for financial year 2019 was USD 11,182.
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.
|Corporate income tax (CIT) rates|
|Headline CIT rate (%)||15 (3% for companies exporting goods)|
|Corporate income tax (CIT) due dates|
|CIT return due date||Within six months of the financial year-end.|
|CIT final payment due date||Within six months of the financial year-end.|
|CIT estimated payment due dates||Payable quarterly in advance within three months after the end of the Advance Payment System (APS) quarter.|
|Personal income tax (PIT) rates|
|Headline PIT rate (%)||15|
|Personal income tax (PIT) due dates|
|PIT return due date||Three months after the year ended 30 June (i.e. 30 September)|
|PIT final payment due date||30 September|
|PIT estimated payment due dates||For employees, Pay As You Earn (PAYE) is deducted by the employer on wages and salaries as well as other benefits.
Self-employed individuals must pay tax on their business income on a quarterly basis if their gross income exceeds MUR 4 million.
|Value-added tax (VAT) rates|
|Standard VAT rate (%)||15|
|Withholding tax (WHT) rates|
|WHT rates (%) (Div/Int/Roy)||Resident: 0 / 0 / 10;
Non-resident: 0 / 15 / 15
|Capital gains tax (CGT) rates|
|Corporate capital gains tax rate (%)||NA|
|Individual capital gains tax rate (%)||NA|
|Net wealth/worth tax rates|
|Headline net wealth/worth tax rate (%)||NA|
|Inheritance and gift tax rates|
|Inheritance tax rate (%)||NA|
|Gift tax rate (%)||NA|