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An overview by IQ-EQ, Taxand Mauritius
The Government of Mauritius has recently enacted the Finance (Miscellaneous Provisions) Act 2024, introducing a 2% Corporate Climate Responsibility (CCR) levy on companies with a turnover over MUR 50 million, starting from July 2024, aiming to fund climate change initiatives.
As a result, the effective tax rate for companies with partial exemptions will rise to 3.4%, and for export companies, it will increase to 5%. Additionally, the Tax Arrears Payment Scheme (TASS) has been extended for another year, offering a full waiver of interest and penalties for outstanding taxes.
Experts from our Mauritian member firm IQ-EQ have provided a summary of the Finance Act, key tax measures and their effective dates here.
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