Finance (Miscellaneous Provisions) Act 2022

A Introduction

In line with the Budget Speech, the FA 2022 displays a strong social element aimed at alleviating hardships suffered by the lower and middle classes as the country gradually comes out of the economic crisis caused by the Covid-19 pandemic but faces the new challenge of rising inflation resulting from the Russia-Ukraine war and depreciation of the rupee. In parallel, the FA 2022 strengthens the regulatory landscape as part of the ongoing efforts to keep Mauritius a compliant jurisdiction following its removal from the EU anti-money laundering blacklist, whilst at the same time enacting some environment-friendly measures