Mauritius Tax Agency Explains TDS on Commissions

The Mauritian Revenue Authority Oct. 5 issued a practice note on tax deduction at source (TDS) for commissions. The note explains: 1) the definition of commissions; 2) the obligation to deduct TDS at the time of payment at the rate of 3 percent of gross commissions, exclusive of VAT; 3) the applicability of TDS; 4) the TDS rules when the commissions are paid to an agent; and 5) the requirement of the submission of a TDS statement to the payee and to the Director General. The provision applies to commission payments made on or after Aug. 9. [Mauritius, Mauritius Revenue ...