Taxation



Regulatory Framework and Taxation


The enabling legislation that governs the Global Business sector are:

  • Companies Act 2001
  • Financial Services Act 2007
  • Trusts Act 2001
  • Securities Act 2005
  • FSC Rules, Codes and Circulars

The Income Tax Act 1995 govern the taxation of companies and individuals.

Mauritius has been at the forefront of the fight against corruption, terrorism and money-laundering activities. In line with this policy, Mauritius introduced since 2002 legislation such as

  • the Financial Intelligence and Anti-Money Laundering Act 2002
  • the Prevention of Corruption Act 2002
  • the Prevention of terrorism Act 2002.


Confidentiality


Confidentiality provisions are enshrined in the Mauritian civil and banking codes and the Financial Services Act 2007 which governs global business in Mauritius. The Companies Act restrict public inspection of the statutory records filed with the Registrar of Companies to well identified circumstances and parties related to the companies.

There is a legal requirement for all supervisory and regulatory authorities to maintain complete confidentiality of any information disclosed by global business entities. Only the Financial Intelligence and Anti-money Laundering Act 2002 or The Prevention of Corruption Act 2002 or a Protocol for the exchange of information with other regulatory bodies to disclose specific information, for supervisory purposes only may lift this confidentiality requirement.

It is to be noted that Mauritius guarantees full confidentiality for all legitimate circumstances but has no policy to maintain indiscriminate or unilateral opaqueness or secrecy for the sake of doing so or to attract business that thrive on such considerations.