Welcome to our Mauritian Tax Calculator
Major tax changes are on the horizon for Mauritian GBCs – optimise your tax position before it’s too late! And we can help!
The abolishment of Mauritius’ deemed tax credit system, which resulted in an effective 3% tax rate on taxable income for GBCs is rapidly approaching. If your company currently avails of the deemed tax credit – and you don’t take action now – it will be subject to the normal 15% Mauritian tax rate from 1 July 2021.
Opportunities to optimise your company’s tax position are plentiful. These include tax holidays for specified income streams, the partial exemption regime for specified foreign-source income, and double tax relief (see our newsletter titled ‘So your Mauritian 3% tax rate ends in June 2021, what next?’ available HERE. To avail of any option, your company must meet the enhanced substance requirements (see our newsletter titled ‘Summary of Mauritian substance requirements and CFC rules’ available HERE.
Do you know what your options are, and whether you meet the enhanced substance requirements? This new tax landscape may seem confusing – but we can help. Regan van Rooy has created an easy-to-use online tool designed to identify whether any opportunities exist to optimise your company’s tax position. The opportunities available will depend on your answers to a short set of questions about your company’s business operations and income flows. The questionnaire should take less than 5 minutes to complete. There is also a separate tool to identify whether your company meets Mauritius’ new enhanced substance requirements.
Don’t wait! Several of these opportunities, for example applying for tax holidays, take time to set up. Take steps now to ensure everything is ready for 1 July 2021.
Contact us to arrange log-on details to use the free tool.