Mauritius: Taxes and Costs
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Rental income tax is moderate in Mauritius
Effective Tax Rate on Rental Income |
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| Monthly Income | US$1,500 | US$6,000 | US$12,000 |
| Tax Rate | 12% | 16.7% | 17.4% |
| Click here to see a worked example | |||
Source:
Disclaimer |
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INDIVIDUAL TAXATION
Nonresidents are taxed only on their income from sources in Mauritius. Nonresidents can own real property in Mauritius through the Permanent Resident Scheme (PRS).
INCOME TAX
As of 01 July 2008, a flat tax rate of 15% will be applied on all taxable income. The fiscal year in Mauritius runs from 01 July to 30 June.
RENTAL INCOME
All rental income of nonresidents is taxed at a flat rate of 15%, withheld by the tenant.
Any individual who owns more than one residence or owns a property costing more than MUR2 million (US$70,847), is now required to file an income tax return, irrespective of whether his income is taxable or not.
CAPITAL GAINS
No capital gains tax is levied in Mauritius.
PROPERTY TAX
National Residential Property Tax (NRPT)
This is a tax levied on residential properties in Mauritius. The tax base is the total surface area for residential land, or the floor area for flats and apartments.
NATIONAL RESIDENTIAL PROPERTY TAX |
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| TAX BASE | TAX, MUR (US$) |
| Per square metre of surface area of land | MUR10 (US$0.35) |
| Per square metre of floor area of flats | MUR30 (US$1.06) |
Mauritius - more data and information
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