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Double Taxation Agreements
Mauritius combines the traditional advantages of being an international financial centre.
No capital gains tax, no withholding tax, no capital duty on issued capital, confidentiality of company information, exchange liberalization and free repatriation of profits and capital, with the distinct advantages of being a treaty-based jurisdiction.
With a substantial network of DTAs thereby enhancing the image of the jurisdiction as an international tax planning centre. To date, the Republic of Mauritius has 45 DTAs in force and there are a further 8 treaties awaiting ratification; 4 awaiting signature and 20 under negotiation.
The attractive concessions generally provided by those treaties:
- Elimination of double taxation through tax credit equivalent to Mauritian tax.
- Reduction in withholding taxes on dividends, interest and royalties.
- Exemption from capital gains tax, except on immovable properties.
- Possible tax exemption on interest payments on loans.
The DTAs in force are as follows:
AFRICA
|
Country |
Building Site etc |
Furnishing of Services |
Dividends |
Interest(i) |
Royalties |
|
Botswana |
> 6 months |
> 6 months (ii) |
5% and 10% |
12% |
12.5% |
|
Cabo Verde |
> 183 days |
> 183 days |
5% |
10% |
7.5% |
|
Congo |
> 12 months |
> 10 months |
0% & 5% |
5% |
Exempt |
|
Egypt |
> 6 months |
> 6 months |
5% & 10% |
10% |
12% |
|
Swaziland |
> 6 months |
> 6 months (ii) |
7.5% |
5% |
7.5% |
|
Ghana |
> 6 months |
> 6 months (ii) |
7% |
7% |
8% |
|
Lesotho |
> 6 months |
> 4 months |
10% |
10% |
10% |
|
Madagascar |
> 6 months |
(iv) |
5% & 10% |
10% |
5% |
|
Mozambique |
> 6 months |
> 6 months |
8%, 10% & 15% |
8% |
5% |
|
Namibia |
> 6 months |
> 6 months (ii) |
5% & 10% |
10% |
5% |
|
Rwanda |
> 6 months |
> 6 months |
10% |
10% |
10% |
|
Seychelles |
> 12 months |
> 6 months |
Exempt |
Exempt |
Exempt |
|
South Africa |
> 12 months |
> 6 months |
5% & 10% |
10% |
5% |
|
Tunisia |
> 12 months |
(iv) |
Exempt |
2.5% |
2.5% |
|
Uganda |
> 6 months |
> 4 months (ii) |
10% |
10% |
10% |
|
Zimbabwe |
> 6 months |
(iv) |
10 & 20% |
10% |
15% |
| i. where interest is taxable at rate provided in the domestic law of the State of source or at reduced treaty rate, provision is usually made in the treaty to exempt interest receivable by a Contracting State itself, its local authorities, its Central Bank/all banks carrying on bona fide banking business and any other financial institutions as may be agreed upon by both Contracting States. ii. within any 12-month period iii. within any 24-month period iv. no specific provision made in respect of furnishing of services. |
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EUROPE
|
Country |
Building Site etc |
Furnishing of Services |
Dividends |
Interest(i) |
Royalties |
|
Belgium |
> 6 months |
(iV) |
5% & 10% |
10% |
Exempt |
|
Croatia |
> 12 months |
(iV) |
Exempt |
Exempt |
Exempt |
|
Cyprus |
> 12 months |
> 9 months (ii) |
Exempt |
Exempt |
Exempt |
|
Estonia |
> 12 months |
> 6 months |
0% & 7% |
0% & 7% |
0% & 5% |
|
France |
> 6 months |
(iV) |
5% & 15% |
Same rate as domestic |
15% |
|
Germany |
> 12 months |
(iV) |
5% & 15% |
Exempt |
10% |
|
Guernsey |
> 12 months |
> 9 months |
Exempt |
Exempt |
Exempt |
|
Italy |
> 6 months |
(iv) |
5% & 15% |
same rate as domestic |
15% |
|
Jersey |
> 12 months |
>9 months |
Exempt |
Exempt |
Exempt |
|
Luxembourg |
> 6 months |
(iV) |
%% & 10% |
Exempt |
Exempt |
|
Malta |
> 12 months |
> 12 months |
Exempt |
Exempt |
Exempt |
|
Monaco |
> 12 months |
> 12 months |
Exempt |
Exempt |
Exempt |
|
Sweden |
> 12 months |
(iV) |
0% & 15% |
Exempt |
Exempt |
|
UK |
> 6 months |
(iV) |
Exempt & 15% |
Same rate as domesti |
15% |
ASIA & MIDDLE EAST
|
Country |
Building Site etc |
Furnishing of Services |
Dividends |
Interest(i) |
Royalties |
|
China |
> 12 months |
> 12 months |
5% |
10% |
10% |
|
India |
> 9 months |
> 3 months |
5% & 15% |
7.5% |
15% |
|
Kuwait |
> 9 months |
(iV) |
Exempt |
Exempt |
10% |
|
Malaysia |
> 6 months |
(iV) |
5% & 15% |
15% |
15% |
|
Nepal |
> 6 months |
> 6 months (ii) |
5%, 10% & 15% |
10% & 15% |
15% |
|
Oman |
> 6 months |
(iV) |
Exempt |
Exempt |
Exempt |
|
Pakistan |
> 6 months |
(iV) |
10% |
10% |
12.5% |
|
Singapore |
> 9 months |
(iV) |
Exempt |
Exempt |
Exempt |
|
Sri Lanka |
> 6 months |
> 6 months (ii) |
10% & 15% |
10% |
10% |
|
State of Qatar |
> 6 months |
> 6 months (ii) |
Exempt |
Exempt |
5% |
|
Thailand |
> 6 months |
> 6 months (ii) |
10% |
10% & 15% |
5% & 15% |
|
UAE |
> 12 months |
> 12 months |
Exempt |
Exempt |
Exempt |