Mauritius MOF Presents 2024-2025 Budget Speech

The Mauritian Ministry of Finance, Economic Planning and Development June 7 presented the 2024-2025 budget speech to the National Assembly. The budget includes measures to: 1) add artificial intelligence (AI) and patents to the investment tax credit of 15 percent over three years; 2) increase the VAT exemption on purchases of taxis by 20 percent, to 120,000 Mauritian rupees (US$2,576); 3) grant a 25 percent tax credit for on companies’ costs of investing in corporate nurseries; 4) increase the income tax deduction for individuals donating to charitable institutions and specified non-governmental organizations (NGOs), to 100,000 rupees (US$2,147) from 50,000 rupees ...