The Mauritius Supreme Court recently issued a judgment on whether a taxpayer has discretion regarding when annual allowances on capital assets are deducted. The case involved a company, Mauritius Freeport Development, which chose not to deduct allowances for its investment in capital assets for several years, intending to deduct the allowances later in more profitable periods. The Mauritius Revenue Authority disagreed with this approach, asserting that the allowances must be deducted in the y…