Mauritius 2019-2020 Budget Speech Delivered

On 10 June 2019, the Mauritian Prime Minister Pravind Kumar Jugnauth delivered the 2019-2020 Budget speech to parliament. The main tax-related measures of the Budget are summarized as follows.

• Income tax holidays:
  • The 8-year tax holiday for newly established innovation-driven companies will be extended to existing companies for income derived from intellectual property assets developed in Mauritius after 10 June 2019, with the conditions that pre-defined substantial activities requirements a…