Guide to Property Taxes in Mauritius
Tax Rate on Rental Income |
|||
| Monthly Income | $1,500 | $6,000 | $12,000 |
| Tax Rate | 4.29% | 13.94% | 14.07% |
Nonresidents are taxed only on their income from sources in Mauritius.
Rental Income Tax
Individuals deriving income from Mauritian sources are subject to income tax. In July 2023, a progressive tax system was introduced with tax rates up to 20%
Capital Gains Tax
No capital gains tax is levied in Mauritius. However, if individuals buy and sell multiple properties, the tax authorities may view it as a business tax them accordingly.
Property Tax
There are no property taxes in Mauritius.
Corporate Tax
Income earned by companies is taxed at a flat rate of 15%. Income-generating expenses are deductible when calculating taxable income.
Property Buying Costs and Taxes in Mauritius
| Transaction Costs | ||
| Who Pays? | ||
| Transfer tax (Registration fee + Stamp Duty) | 5.10% | buyer |
| Notary fees | 0.50% - 2.00% | buyer |
| Legal fees | 1.00% - 2.00% | buyer |
| Real Estate Agent Fee |
2.00% 2.00% |
seller buyer |
| Total costs paid by the buyer: | 8.60% - 11.10% | |
| Total costs paid by the seller: | 2.00% | |
| ROUNDTRIP TRANSACTION COSTS | 10.60% - 13.10% | |
| Source: Global Property Guide | ||