Exemptions

 

Income which are exempted from income tax are as follows :

  1. Dividends
    • Paid by a company resident in Mauritius
    • Paid by a co-operative society
    • Paid by a company holding a GBL2

     

  2. Interest payable on a balance maintained in a bank by an individual who is not resident in Mauritius.

     

  3. Interest payable on call and deposit accounts held with any bank under the Banking Act 2004 by a corporation holding a GBL1 Licence.

     

  4. Interest payable on a savings or fixed deposit account held by an individual, a société or a succession with any bank or non-bank deposit taking institution under the Banking Act.

     

  5. Interest payable to a non-resident, not carrying on any business in Mauritius, by a corporation holding a GBL1 Licence or by a Bank bank holding a banking licence under the Banking Act 2004 insofar as the interest is paid out of gross income derived from its banking transactions with non-residents and corporations holding a Global Business Licence.

     

  6. Interest, rent, royalties, compensations and other amount paid by a company holding a GBL2 Licence to a non-resident.

      

  7. Royalty payable to a non-resident by a corporation holding a GBL1 Licence or by a bank holding a Banking Licence under the Banking Act 2004 insofar as the royalty is paid out of gross income derived from its banking transactions with non-residents and corporations holding a Global Business Licence.

     

  8. Gains or profits derived from the sale of units or securities by a company holding a Category 1 Global Business Licence.

      

  9. The first Rs 2, 000,000 of the aggregate amount received as lump sum by way of commutation of pension, death, gratuity, retiring allowance and severance allowance, received in an income year and the four succeeding income years.

     

  10. Any transport allowance, including petrol allowance and travel grant which is the lesser of Rs 10,200 or 25% of the monthly basic salary payable to an employee.

     

  11. Rent allowance payable to a person appointed to an office in the Police Force, Fire Services, Forests Division, Ministry of Fisheries, Civil Aviation and Fire Unit of Mauritius Marine Authority.

     

  12. Passage Benefits provided under the contract of employment, not exceeding 6% of the basic salary.

     

  13. Any retirement pension not exceeding the IET in respect of Category A payable to a citizen of Mauritius who is not resident in Mauritius.

     

  14. Alimony or maintenance allowance paid to a previous spouse whose marriage has been dissolved by a court of competent jurisdiction.

     

  15. An employee whose emoluments do not exceed Rs 23, 077 per month is an exempt person and is not subject to tax deduction under the PAYE System.

For further information regarding exempt income, refer to Part II of the Second Schedule to the Income Tax Act