On 24 July 2017, Mauritius published the Finance (Miscellaneous Provisions) Act 2017 in the Official Gazette. The Act includes measures announced as part of the 2017-2018 Budget. Some of the key measures include:
- A reduced income tax rate of 3% for companies engaged in the export of goods (tax credit for investment in new plant and machinery prorated accordingly), with the reduced rate applied on the chargeable income attributable to that export based on the following formula: (A x B) / C, w…