Verified Facts
The tax rates in Mauritius range from 10% to 25% for personal income tax, with a corporate tax rate of 15% and a value-added tax (VAT) rate of 15%.
Tax laws change frequently. Always consult a qualified tax professional for advice specific to your situation. This is a general guide only.
Quick Facts
Tax System Overview
Mauritius has a territorial tax system, which means that only income derived from sources within Mauritius is subject to tax. This applies to both residents and non-residents. However, individuals who are considered tax residents in Mauritius may also be subject to tax on their foreign-sourced income, depending on their residency status. To be considered a tax resident in Mauritius, an individual must have been present in the country for at least 183 days in a tax year, or have a permanent home in Mauritius and have been present in the country for at least 270 days in the aggregate in the current and two preceding tax years.
The tax system in Mauritius is designed to be business-friendly and attractive to foreign investment. The country has a well-developed tax treaty network, with double taxation agreements in place with 43 countries. This helps to minimize the risk of double taxation and provides certainty for businesses and individuals operating in Mauritius. The tax authorities in Mauritius also offer a range of incentives and exemptions to encourage investment and economic growth, particularly in the free zone and global business sectors.
Personal Income Tax
| Income Bracket (MUR) | Tax Rate |
|---|---|
| 0 - 335,000 | 10% |
| 335,001 - 620,000 | 15% |
| 620,001 - 900,000 | 20% |
| 900,001 and above | 25% |
| Mauritius has a progressive personal income tax system, with four tax brackets and tax rates ranging from 10% to 25%. Individuals are entitled to various deductions and allowances, including a personal allowance of MUR 335,000, as well as deductions for mortgage interest, medical expenses, and charitable donations. Tax returns must be filed by June 30th of each year, and payment of any tax due must be made by the same date. |
Corporate & Business Tax
- The corporate tax rate in Mauritius is 15%, which applies to both resident and non-resident companies.
- Small business incentives are available, including a reduced tax rate of 3% for small and medium-sized enterprises (SMEs) with an annual turnover of up to MUR 50 million.
- Companies operating in free zones are exempt from income tax, VAT, and customs duty, and are also eligible for a range of other incentives and exemptions.
- Registration requirements for businesses in Mauritius include registration with the Mauritius Revenue Authority and the Registrar of Companies.
- Global business companies are required to obtain a Global Business License from the Financial Services Commission.
VAT / Sales Tax
- The standard VAT rate in Mauritius is 15%, which applies to most goods and services.
- Reduced VAT rates of 5% and 0% apply to certain goods and services, including basic foodstuffs, medicines, and exported goods.
- Exemptions from VAT include financial services, rental income, and sales of immovable property.
- Tourist refund schemes are available, allowing tourists to claim a refund of VAT paid on certain goods and services.
For Expats & Foreign Workers
- Tax residency rules in Mauritius are based on the number of days spent in the country, with individuals who spend at least 183 days in a tax year considered tax residents.
- Double taxation treaties are in place with 43 countries, helping to minimize the risk of double taxation for expats and foreign workers.
- Social security contributions are mandatory for employees and employers, with a contribution rate of 3% for employees and 6% for employers.
- Remittance rules allow tax residents to remit foreign-sourced income to Mauritius without incurring tax liability.
- Work permits are required for foreign workers, and are issued by the Mauritius Revenue Authority.
- Residency permits are also required for expats and foreign workers, and are issued by the Mauritius Immigration Authority.
Crypto & Investment Income
- Investment income, including dividends, interest, and rental income, is subject to tax in Mauritius, with tax rates ranging from 10% to 25%.
- Cryptocurrency is considered a capital asset, and gains from the sale of cryptocurrency are subject to capital gains tax, which is currently 0% in Mauritius.
- Tax exemptions are available for certain types of investment income, including foreign-sourced dividends and interest income.
- Record-keeping requirements are in place for individuals and businesses dealing with cryptocurrency, and include the requirement to maintain accurate and detailed records of all transactions.