A domestic company is governed under the Companies Act 2001. It can be set up for various activities including Trading, Investment Holding, and Consulting Services amongst others. The activities can be conducted with residents of Mauritius as well as with non residents of Mauritius.
TAXATION IN MAURITIUS
The Mauritius Revenue Authority (MRA) is the agency responsible for collecting corporate tax, income tax and VAT in Mauritius. The fiscal year runs from 1st January to 31st December.
A domestic company has to submit an annual tax declaration to the Mauritius Revenue Authority .
An APS statement should be submitted to the MRA by every company where, in respect of the preceding accounting year, the company’s gross income exceeded 4 million rupees and it had a chargeable income.
VAT registration of company is compulsory for any domestic company with turnover exceeding 10 million rupees.
A Corporate Social Responsibility (CSR) tax of 2% is applicable to chargeable income of domestic companies.
The tax rate is as follows:
- Corporate tax:15%
- Income tax (personal tax): 15%
- Value-Added Tax (VAT): 15%
- Corporate Social Responsibility (CSR tax): 2% on book profits
- Land Transfer tax: 5%
