Summary
The Finance Act contains key provisions to implement certain tax
and regulatory changes that will significantly impact investments
in Mauritius. Specifically, the Finance Act introduces a partial
exemption regime for Global Business Licence (GBL) Category 1
Companies and cancels issuance of licence for GBL Category 2
Companies.
Details
In line with its commitment to the Organisation for Economic
Cooperation and Development's drive to tackle base erosion and
profit shifting between jurisdictions, the Mauritian Government has
passed the Finance Act which, amongst other provisions, amends some
of its local laws to curb harmful tax practices.
Specifically, the Finance Act contains certain changes that
investors need to critically consider in making investment
decisions.
