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ARTICLE · 08 NOVEMBER 2024

Key Updates: Finance (Miscellaneous Provisions) Act 2024

On 27 July 2024,the Mauritian Parliament enacted the Finance (Miscellaneous) Provisions Act 2024 ("FA 2024"), which gives legal effectto the measures outlined by theHonourable Minister of Finance...

MauritiusFinance and Banking

Introduction

On 27 July 2024,the Mauritian Parliament enacted the Finance (Miscellaneous) Provisions Act 2024 ("FA 2024"), which gives legal effectto the measures outlined by theHonourable Minister of Finance in the 2024-2025 Budget Speech.

The FA 2024 reflects the government's focus on fostering sustainable economic growth, promoting social equity, and enhancing climate responsibility. It addresses a range of national and global challenges while reinforcing Mauritius' commitmentto maintaining a robust economic structure, supporting key industries, and ensuring compliance with international standards. Key highlights include initiatives aimed at environmental sustainability, regulatory improvements, and targeted measures to alleviate inflationary pressures and fosterinclusive growth.

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