Mauritius

Overview

Last reviewed - 14 January 2020

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.

Quick rates and dates

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

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.