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Tax Rates in Mauritius for 2016-2017, 2015-2016, 2014-2015

Tax Rates on Chargeable Income: Individuals

Flat Rate of 15% on chargeable income.

Income Exemption Threshold Income Year Ending 30 June 2016

An individual who is resident in Mauritius is entitled to an income exemption threshold which he can deduct from his income to arrive at his chargeable income, if any.
The income exemption threshold in respect of income year ending 30 June 2016 is as follows :

 

Category

 

Amount (Rs)

 

Category A- An individual with no dependent

 

285,000

 

Category B- An individual with one dependent

 

395,000

 

Category C- An individual with two dependents

 

455,000

 

Category D- An individual with three dependents

 

495,000

 

Category E- A retired / disabled person with no dependent

 

335,000

 

Category F- A retired / disabled person with one dependent

 

445,000

 

 

An individual is not entitled to claim an income exemption threshold in respect of:

Category B or Category F, where the total income of the dependent exceeds Rs 110,000;
Category C, where the total income of his second dependent exceeds Rs 60,000;
Category D, where the total income of the third dependent exceeds Rs 40,000.

If a person claims in an income year, an income exemption threshold in respect of Category B, Category C, Category D or Category F, the spouse of that individual can claim in that income year an income exemption threshold only in respect of Category A or Category E whichever is applicable.

"Dependent" means either a spouse, a child under the age of 18 or a child over the age of 18 and who is pursuing full time education or training or who cannot earn a living because of physical or mental disability.

Child means
an unmarried child, stepchild or adopted child of a person;

an unmarried child whose guardianship or custody is entrusted to the person by virtue of any other enactment or of an order of a court of competent jurisdiction;

an unmarried child placed in foster care of the person by virtue of an order of a court of competent jurisdiction.

"Retired person" means a person who attains the age of 60 at any time prior to the first day of January of an income year and who, during that period, is not in receipt of any business income or emoluments other than retirement pension.

Additional exemption in respect of dependent child pursuing undergraduate course
Where a person has claimed an Income Exemption Threshold in respect of category B, C, D or F and the dependent is a child pursuing a non-sponsored full-time undergraduate course in Mauritius at an institution recognised by the Tertiary Education Commission or outside Mauritius at a recognised institution, the person may claim an additional exemption of Rs 135,000 in respect of that child.
 

 


The additional exemption is not allowable:
in respect of more than three children;
in respect of the same child for more than 6 consecutive years;
where the tuition fees, excluding administration and student union fees, are less than Rs 44,500 for a child following an undergraduate course in Mauritius;
to a person whose total income (net income plus interest and dividends received) or that of his/her spouse for the income year ending 30 June 2016 exceeds Rs 2 million.

Interest Relief on secured housing loan
A person who has contracted a housing loan, which is secured by a mortgage or fixed charge on immoveable property and which is used exclusively for the purchase or construction of his house, may claim a relief in respect of the interest paid on the loan.

In the case of a couple where neither spouse is a dependent spouse, the relief may be claimed by either spouse or at their option, divide the claim equally between them.

The loan must have been contracted on or after 1 July 2006 from :

a bank, a non-bank deposit taking institution, an insurance company, or the Sugar Industry Pension Fund;

the Development Bank of Mauritius by its employees; or

the Statutory Bodies Family Protection Fund by its members.

The relief is not allowable where the person or his spouse :

is, at the time the loan is contracted, already the owner of a residential building;

derives in the income year ending 30 June 2016, total income (net income plus interest and dividends received) exceeding Rs 2 million;

has benefitted from any new housing scheme set up on or after 1 January 2011 by a prescribed competent authority.

Mauritius Income Tax Rates 2014 and 2015 and Deductions

Mauritius Income Tax Rate for Individual Tax Payers

Personal Tax Rate in Mauritius is flat rate of 15% on chargeable income

Calculation of Chargeable Income
Gross Income includes salaries, wages, annuity, pension, income from business, income from property, foreign dividends, royalty, interest.
Allowable deductions include expenditure incurred in the production of income, losses, bad debts, annual allowance (instead of depreciation).

Chargeable Income= Gross Income - Allowable Deductions - Income exemption threshold

Income Exemption Threshold
An individual who is resident in Mauritius is entitled to an income exemption threshold which he can deduct from his income to arrive at his chargeable income, if any.
The income exemption threshold in respect of income year ending 31 December 2014 is as follows :
 

Category A- An individual with no dependent Rs. 275,000
Category B- An individual with one dependent Rs. 385,000
Category C- An individual with two dependents Rs. 445,000
Category D- An individual with three dependents Rs. 485,000
Category E- A retired / disabled person with no dependent Rs. 325,000
Category F- A retired / disabled person with one dependent Rs. 435,000

An individual is not entitled to claim an income exemption threshold in respect of
Category B or Category F, where the total income of the dependent exceeds Rs 110,000;
Category C, where the total income of his second dependent exceeds Rs 60,000;
Category D, where the total income of the third dependent exceeds Rs 40,000.

If a person claims in an income year, an income exemption threshold in respect of Category B, Category C, Category D or Category F, the spouse of that individual can claim in that income year an income exemption threshold only in respect of Category A or Category E whichever is applicable.

"Dependent" means either a spouse, a child under the age of 18 or a child over the age of 18 and who is pursuing full time education or training or who cannot earn a living because of physical or mental disability.

Corporate Tax Rates in Mauritius

General 15%
Category 1 Global Business Licence Companies (GBC1) 15% (maximum effective tax rate is 3% on foreign source income)
Foundation 15% may qualify as exempt from income tax provided certain conditions are met
Trust 15% may qualify as exempt from income tax provided certain conditions are met
Limited partnership 15% may qualify as exempt from income tax provided certain conditions are met
Dividends Taxed as ordinary income, subject to availability of exemptions and foreign tax credits
Interest Taxed as ordinary income, subject to availability of exemptions and foreign tax credits
Royalties Taxed as ordinary income, subject to availability of foreign tax credits
Fees Taxed as ordinary income, subject to availability of foreign tax credits
 

Tax Deduction at Source (?TDS?)
TDS is levied on the following payments at the applicable rates upon these payments being made available to the payees:
Interest payable to non-resident 10%
Royalties:1 10%/15%
Rent 5%
Payment to contractors and sub-contractors 0.75%
Payments to providers of services 3%

Capital Gains Tax in Mauritius

In general, capital gains are not taxable.

Mauritius Dates of filing Returns / Reporting and Payment

The tax year is on a calendar year basis, i.e. 1 January to 31 December. Individual tax returns will be due on 31 March following the year end. Where returns are filed electronically, the individual has up to 15 April to file their tax return.

 
 

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