"Opening up to the world" is one of the strong messages that the Minister of Finance has conveyed during his keynote speech on the Mauritian budget presented to the National Assembly on 4^th of June 2020.

Mauritius is a country which has always attracted foreign direct investment and the Government, in its Budget, has offered attractive advantages to foreigners who wish to invest in real estate or to work and live in Mauritius.

1. Levy on Companies​

• Companies or group of companies having gross income exceeding Rs 500M will be subject to levy on their annual gross income as follows:​

Domestic tax base erosion and profit shifting (BEPS) has been identified as a problem affecting all countries in the world due to multinational enterprises exploiting unintended gaps and mismatches between different countries’ tax systems to shift profits to locations where there is little, or no overall corporate tax being paid.  To be able to solve this problem, the G20 and the Organisation for Economic Cooperation and Development (OECD) developed 15 action points to address BEPS in a comprehensive manner, and set deadlines to implement those actions, many of which cannot be tackled without amending bilateral tax treaties

We are pleased to invite you to read the article that Microsoft has published on MITCO Group digitalization process.

According to the first World report on vision issued by the World Health Organization in October 2019, more than 1 billion people worldwide are living with vision impairment because they do not have access to the care they need for conditions like short and far sightedness, glaucoma and cataract. 

Following the Budget 2020 speech of the Minister of Finance, Economic Planning and Development, Dr the Honourable Renganaden Padayachy, on the 4^th June 2020, we invite you to read the Mauritius Budget Highlights 2020/2021.