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Mauritius to amend, promulgate three income tax regulations

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Mauritius to amend, promulgate three income tax regulations

New tax rules are on the way in Mauritius with the promulgation of the Income Tax (Amendment of Schedule) Regulations 2022.

According to Cabinet papers, this will allow the additional deduction in respect of a child pursuing tertiary studies to be claimed for a maximum period of six years instead of six consecutive years.

The promulgation of the Income Tax (Amendment No. 2) Regulations 2022 will reduce the tax rate from 15% to 12.5% for individuals earning annual net income above Rs700,000 and not exceeding Rs975,000.

It will also legislate the process to pay the CSG income allowance of Rs1,000 to employees earning a gross income of up to Rs50,000.

The Mauritius Revenue Authority (Alternative Tax Dispute Resolution) (Amendment) Regulations 2022 will  enable the ATDR panel to entertain cases where the tax in dispute exceeds Rs5 million.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.