Mauritius: Highlights of budget 2018/2019 | KPMG | BE
close
Share with your friends

Mauritius: Highlights of budget 2018/2019

Mauritius: Highlights of budget 2018/2019

The budget for 2018/2019, presented 14 June 2018, reflects tax reform efforts in the global business sector and incentives for certain foreign persons.

1000

Related content

Among the budget provisions are the following tax proposals:

  • A new tax band of 10% introduced largely for the benefit of the middle income group (those earning up to MUR 650,000 a year, with the first MUR 305,000 of income being exempt from taxation)
  • Incentives to attract foreign high net worth individuals by allowing citizenship and Mauritian passports with certain payments (U.S. $1 million and U.S. $500,000, respectively)
  • Other new measures to attract foreign retirees

 

Read a June 2018 report prepared by the KPMG member firm in Mauritius 

© 2018 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit