Mauritius Tax

Mauritius Tax Regulations for Individuals

Overview

Individuals residing in Mauritius are subject to taxes on their personal income. These taxes are governed by the Income Tax Act and its subsequent amendments. The following provides an overview of the key tax regulations that apply to individuals in Mauritius.

Taxable Income

The taxable income for individuals includes all income derived from sources within Mauritius, as well as any income derived outside Mauritius that is deemed to accrue or arise in Mauritius. This includes income from employment, business, property, investments, and other sources.

Tax Rates

The personal income tax rates in Mauritius are progressive, meaning that the higher your income, the higher the tax rate you will be subject to. The applicable tax rates for the 2023-2024 assessment year are as follows: * Up to Rs 500,000: 0% * Rs 500,000 - Rs 750,000: 10% * Rs 750,000 - Rs 1,500,000: 15% * Above Rs 1,500,000: 18%

Tax Deductions and Allowances

Individuals are entitled to certain tax deductions and allowances when calculating their taxable income. These deductions and allowances include: * Personal allowance: Rs 100,000 * Spousal allowance: Rs 50,000 * Dependent child allowance: Rs 25,000 per child (up to a maximum of three children) * Retirement scheme contributions * Medical insurance premiums * Interest on housing loan

Tax Filing and Payment

Individuals are required to file their income tax returns annually by the deadline specified by the Mauritius Revenue Authority (MRA). The deadline for filing income tax returns for the 2023-2024 assessment year is March 15, 2024. Tax payments can be made through the MRA's online portal or at authorized tax collection centers. Individuals can also opt for a monthly installment plan to spread out their tax payments throughout the year.