Companies holding Category 1 Global Business Licence

A company holding a Category 1 Global Business Licence is liable to tax at the rate of 15%.

Companies holding Category 2 Global Business Licence

A Company holding a Category 2 Global Business Licence is not considered to be resident in Mauritius and is not liable to tax. As a non-resident of Mauritius such a company is not covered by any Double Taxation Agreement concluded by Mauritius.

Credit for foreign tax paid

Residents of Mauritius are eligible to a tax credit in respect of foreign tax paid on their foreign source income. The foreign tax credit includes tax sparing credit and in the case of dividends credit is also granted for underlying tax charged on profits out of which the dividends are paid.
Where, in the case of a company holding a Category 1 Global Business Licence or a bank holding a banking licence under the Banking Act 2004 in so far as its banking transactions with non-residents and corporations holding a Category 1 Global Business Licence are concerned, written evidence is not presented to the Director General showing the amount of foreign tax paid, the amount of foreign tax paid is presumed to be equal to 80% of the Mauritius tax.
Credits for foreign tax are allowed in accordance with the Income Tax (Foreign Tax Credit) Regulations.