New Mauritius Budget Includes Minimum Taxes, VAT Tweaks

Mauritius plans to enact a new top-up tax as part of implementing the OECD global minimum tax, as well as a new alternative minimum tax on corporations and a provision subjecting digital services from foreign suppliers to the value-added tax, Prime Minister Navinchandra Ramgoolam said Thursday.

In a speech introducing the 2025-26 budget, Ramgoolam said the government plans to enact a qualified domestic top-up tax, setting a minimum 15% tax rate on large multinational companies or their subsidiaries—though “appropriate measures will be introduced to retain the competitiveness of the Mauritius International Financial Services Sector.”

• The country also plans to ...