20 August 2018 Mauritius enacts changes to tax regime for corporations with global business licenses The Finance (Miscellaneous Provisions) Bill was approved by the Mauritian Parliament on August 9. It is important to note that there was no debate subsequent to the issue of the Bill so that it was assented without any amendments. The changes under the Income Tax Act (the Act) take into account Action 5 of the Organisation for Economic Co-operation and Development (OECD)/G20 Base Erosion and Profit Shifting (BEPS) Project on Countering Harmful Tax Practices More Effectively, Taking into Account Transparency and Substance. The regulatory aspects of entities engaged in cross-border transactions have also been substantially reviewed. Document ID: 2018-1658 |
