Page 32 - Profmark Africa Overview 2024

Mauritius (GMT +4)

General:
▪ Capital City: Port Louis
▪ Official Language: English and French
▪ Currency: Mauritian Rupee (MUR)
▪ Main Exports: Sugar, clothing and textiles, animals, vegetable oils, fish
▪ Surface Area: 2.0 sq. km (thousands)
▪ Population: 1,271 million (2024,est)
Key Economic Indicators:
▪ GDP: $14.3 billion (2023)/ GDP Growth Rate: 7% (2023)
▪ CPI Inflation Rate (annual): 7.1% (2023)
▪ Sovereign Credit Rating: Moody’s: Baa3/Stable
▪ Indicator of Economic Freedom Score: 71.5/100
Exchange Controls:
▪ N/A
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Mauritian-source income
Tax Rates:
▪ Individuals: Progressive rates to 20% [the first MUR 390,000 of taxable income - 0%]
▪ Companies: 15% (3% for companies exporting goods)
▪ Inheritance and Donations Taxes: Inheritance: N/A / Donations: Varying rates
▪ VAT: 15%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Capital gains are generally not taxable
▪ Double Taxation Agreements: In place with several countries
Useful links:
▪ Central Bank of Mauritius https://www.bom.mu
▪ Mauritius Revenue Authority http://www.mra.mu
▪ Economic Development Board https://www.edbmauritius.org

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