Home / 🇲🇺 Mauritius
Mauritius is an island nation in the Indian Ocean about 2,000 kilometers (1,200 mi) off the southeast coast of the African continent. Mauritius is rightly famed for its sapphire waters, powder-white beaches and luxury resorts.
The country ranks high in terms of economic competitiveness, friendly investment climate, good governance and a free economy. It ranked as the 9th most free economy in the world in 2019 according to Economic Freedom of the World report and is the most competitive economy of Africa region. Mauritius is also categorized as "high" in the Human Development Index and among the safest or most peaceful countries by the Global Peace Index 2019.
The country offers various residency programs for investors, professionals and retired citizens as well as a friendly tax system.
Highlights
Residency Programs (4)
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Investor Occupation Permit InvestmentTemporary residency$50,000 investmentno revenue requirement
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Professional Occupation Permit EmploymentTemporary residencyno investment requirement$8,922 / year income
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Retired Non-Citizen Residence Permit RetirementTemporary residency$1,500 investment$18,000 / year income
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Self Employed Occupation Permit EmploymentTemporary residency$35,000 investment$19,826 / year income
Cost of Life
Taxation overview
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Tax system
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Residence-based taxation
Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.
Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.
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Tax summary
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Personal income tax (PIT)
15%
Corporate income tax (CIT)
15%. 3% for companies exporting goods
Value-added tax (VAT)
15%
Social security contributions
- National Pensions Fund (NPF): 6% paid by employer up to MUR 18,740 ($464) / month, 3% paid by employee up to MUR 562 ($14) / month
- National Savings Fund (NSF): 2.5% + 1.5% levy paid by employer for each employee.
Withholding tax (WHT)
- Resident WHT rates: 0% on Dividends and Interests, 10% on Royalties
- Non-resident WHT rates: 0% on Dividends, 15% on Interests, 15% on Royalties
There is no WHT on dividends received from resident companies and on payments made by a company having an annual turnover of less than MUR 6 million.
Capital gains tax (CGT)
- As Corporation: Not taxable
- As Individual: Not taxable
Net wealth/worth tax (Solidarity Levy)
Progressive tax up to 10% above MUR 5,000,000 ($123,915) on Income and Dividends
There are no net wealth/worth taxes per se in Mauritius. However, an individual whose leviable income exceeds MUR 3,000,000 ($74,349) in an income year is liable to pay a solidarity levy of 25% in excess of the MUR 3,000,000 ($74,349) in addition to one's income tax liability. Levy must not exceed 10% of the total emoluments, which in practice means that solidarity levy is 25% until MUR 5,000,000 ($123,915) and 10% beyond that. Leviable income is the chargeable income of the individual and dividends paid to him by a resident company.
Inheritance and Gift tax
Not taxable
Controlled foreign companies (CFCs)
- Controlled by Corporation: Yes. A CFC is a company that is not resident in Mauritius and in which a resident company in Mauritius or together with associated enterprises holds more than 50% of its total participation rights directly and indirectly. A CFC also includes a PE of the resident company.
- Controlled by Individual: Not provided
Disclaimer: This tax summary is for information only and shall not be construed as tax advice. Every situation is different. Should you consider moving to Mauritius, we highly recommend you liaise with a local tax advisor to confirm your future tax regime.
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Year of Assessment
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YA 2021