Mauritius Budget proposes abolishing of GBC-2 licenses & GBL-1's deemed foreign tax credits

Jun 14,2018

Mauritius Budget 2018-19 proposes that FSC will cease to issue Category 2 Global Business Companies (GBC) licenses from January 2019, with a grandfathering provision for existing companies; Deemed Foreign Tax Credit regime available to companies holding a Category 1 Global Business License (GBL) will be abolished from December 31,  2018;  A partial exemption regime will be introduced whereby 80% of specified income will...

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