Mauritius MOF Announces Tax Measures Under 2022-23 Budget

The Mauritian Ministry of Finance June 7 announced tax measures under the 2022-23 budget. The announcement includes tax measures to: 1) implement a 10 percent income tax rate on monthly income between 25,000 rupees (US$562) and 53,846 rupees (US$1,212); 2) reduce the tax rate to 12.5 percent from 15 percent on monthly income between 53,846 rupees and 75,000 rupees (US$1,688); 3) increase excise taxes by 10 percent on cigarettes and alcoholic products; 4) increase the exemption for travelling allowances deductible from income tax to 20,000 rupees (US$450) from 11,500 rupees (US$258); 5) allow a VAT refund for events with a ...