Mauritius Gazettes 2023-24 Finance Act to Implement Budget Measures

The Mauritian Official Gazette July 20 published Act No. 12, the 2023-24 Finance Act. The law includes measures: 1) establishing the Aug. 15 annual deadline for digital asset service providers to submit statements of financial transactions; 2) expanding deductions for companies engaged in the manufacture of alcoholic and non-alcoholic beverages, for expenditures on new plants and machinery, and extending the deductions through 2026; 3) applying land transfer tax where the value transferred exceeds 200,000 rupees (US$4,348), based on the value identified in either the deed or a certification from a professional accountant, whichever is higher; 4) waiving penalties and interests ...