Web1 day ago · However, the case of Non-filers who has not filed Income tax return for all the 3 assessment years , tax shall be deducted @ 2% (for sum exceeding Rs. 20 lakhs to Rs. 1 … WebRevised Laws of Mauritius I5 – 1 [Issue 9] INCOME TAX ACT Act 16 of 1995 – 1 July 1996 ARRANGEMENT OF SECTIONS SECTION PART I – PRELIMINARY 1. Short title 2. Interpretation ... Income Exemption Threshold for Individuals 27. Entitlement to income exemption threshold Sub-Part D – Interest Relief for Individuals 27A. Interest relief

Mauritius enacts legislation to mitigate impact of COVID-19

WebIncome Tax Income Exemption Thresholds The income exemption thresholds will be increased by amounts ranging from Rs 15,000 to Rs 80,000 as shown in table below. Category From To Increase Rs Rs Rs A. Individual with no dependent 310,000 325,000 15,000 B. Individual with one dependent 420,000 435,000 15,000 WebMauritius Revenue Authority (MRA) will devise a simple return whereby a self-employed person whose income does not exceed the basic income exemption threshold will be able … teamww.com

Employee Declaration Form (EDF)

WebIncome Exemption Threshold / Personal Reliefs and Deductions (cont.) Personal Reliefs and Deductions (before Y/A 2007/2008) Year of Assessment (YOA) 2006/2007 2005/2006 … WebInterest: A 15% withholding tax generally applies to interest paid by any person, other than a bank or non-bank deposit- taking institution, to any person other than a company resident in Mauritius, unless specifically exempted or reduced under a tax treaty. WebFeb 23, 2024 · Personal income tax rates As of 1 July 2024, the tax rate of 15% was reduced to 10% on annual net income derived by an individual of up to 650,000 Mauritian rupees … team wumbo