COMMUNIQUE - Mauritius Revenue Authority
| MRA clarification Foreign Fiscally Transpar |
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Tax Alert Issue 61 January 2022 KPMG Mauritius
WebOn 01 July 2022 the Mauritius Revenue Authority (MRA) issued a communique to clarify that |
Is a dividend taxable in Mauritius?
Such dividend would be taxable at the rate of 15%, subject to 80% tax partial exemption or credit for foreign tax suffered overseas. This resulted in capital gain distributed by the AIF to be treated as dividend income and hence taxable in the hands of the Mauritius Fund.
Are AIF distributions taxable in Mauritius?
In 2021, an Income Tax Ruling (TR 235) issued by the MRA ruled that distributions by an AIF to Mauritius Funds would not retain their initial character and would be treated as dividend income. Such dividend would be taxable at the rate of 15%, subject to 80% tax partial exemption or credit for foreign tax suffered overseas.
Is a trust a non-transparent entity in Mauritius?
Under the Mauritius Income Tax Act, any distribution made by a trust is to be regarded as dividend income in the hands of the beneficiary. TR 235 initially confirmed this principle and ruled that a trust is to be regarded as a non-transparent entity.
Are capital gains taxable in Mauritius?
The MRA also confirmed that capital gains distributed by a foreign fiscally transparent entity to a Mauritian resident shall be treated as capital gains and shall not be subject to income tax in Mauritius. It is customary for a fund to be set up in Mauritius to invest in an Alternative Investment Fund (“AIF”) in India.
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160_mou_frpdf - World Customs Organization
l'Organisation mondiale des douanes la Mauritius Revenue Authority de la République de Maurice concernant la création d'un Centre régional de formation de |
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Tax Alert February 2021 KPMG Mauritius - assetskpmg
(“SOP”) issued by the Mauritius Revenue Authority (“MRA”) on 27 January 2021 Clarification to February 2021 MRA issues Statement of Practice on Income |
