Mauritius 2023-2024 Budget Delivered Including New Personal Income Tax Regime and Several Other Measures

On 2 June 2023, the Mauritius Minister of Finance, Economic Planning, and Development delivered the Budget Speech 2023-2024. The main tax measures announced in the Budget Speech include:

• The introduction of a new progressive personal income tax regime with the following brackets/rates, along with the repeal of the solidarity levy:
  • up to MUR 390,000 - 0%
  • MUR 390,001 and 430,000 -2%
  • MUR 430,001 and 470,000 - 4%
  • MUR 470,001 and 530,000 - 6%
  • MUR 530,001 and 590,000 - 8%
  • MUR 590,001 and 890,000 -…