MAURITIUS BUDGET 19/20 - FREEPORT REGIME

A freeport operator or private freeport developer engaged in the manufacture of goods will be liable to income tax at the rate of 3% on profits derived from the sale of goods on the local market.

Existing manufacturing companies issued with a Freeport certificate will have to meet the following substance criteria:

• employ a minimum of 5 employees; and
• incur an annual expenditure exceeding Rs 3.5 million.