Mauritius: Finance Act 2022 tax changes

Mauritius: Finance Act 2022 tax changes

The Finance (Miscellaneous Provisions) Act 2022 came into force on 2 August 2022 and amended several statutory legislations to provide for the implementation of the measures announced in the financial budget 2022-2023. The following measures shall be deemed to have come into operation in respect of the income year commencing on 1 July 2022 and in respect of every subsequent income year.

  • As from the income year 2022-2023, an individual earning annual net income –

(i) of up to Rs 700,000 will be taxed at the rate of 10%;

(ii) above Rs 700,000 and not exceeding Rs 975,000 will be taxed at the rate of 12.5%; or

(iii) above Rs 975,000 will be taxed at the rate of 15% and the Solidary Levy, if applicable.

  • The maximum allowable deduction for petrol or travelling allowance paid to an eligible employee using his private car for the performance of his duties will be increased from Rs 11,500 to Rs 20,000.

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