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ARTICLE · 15 OCTOBER 2024

Mauritius Gazettes Finance (Miscellaneous Provisions) Act 2024

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The government of Mauritius promulgated and gazetted the Finance (Miscellaneous Provisions) Act 2024 on 27 July to implement the measures announced in the Budget Speech on 7 June.

MauritiusFinance and Banking
Richard Neal
Richard Neal
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The government of Mauritius promulgated and gazetted the Finance (Miscellaneous Provisions) Act 2024 on 27 July to implement the measures announced in the Budget Speech on 7 June.

The main tax-related measures include the introduction of a Corporate Climate Responsibility (CCR) levy, equivalent to 2% of a company's profits, with an exemption from the levy for companies with a turnover of less than MUR50 million (c. USD 1.1 million), with effect from 1 July.

The funds raised by the CCR levy are to be used to support national initiatives to protect, manage, invest and restore the country's natural ecosystem and combat the effects of climate change. A Climate and Sustainability Fund will be set-up to implement this agenda.

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