Category 1
Global Business License
- Effective from 1 January 2019, the Deemed Foreign Tax Credit ("DFTC") regime will be abolished and GBL companies will be taxed at the rate of 15%
- Introduction of an 80% Partial Exemption Regime on certain income streams, subject to pre-defined substance requirements
- Existing GBC1 companies, where licenses were issued on or before 16 October 2017, will be grandfathered until 30 June 2021. Licenses issued after 16 October 2017 will be grandfathered until 31 December 2018
Category 2
Global Business License
- Effective from 1 January 2019, the Category 2 Global Business Licence ("GBC2") will be abolished
- Existing GBC2 companies, where licenses were issued on or before 16 October 2017, will be grandfathered until 30 June 2021. Licenses issued after 16 October 2017 will be grandfathered until 31 December 2018.
- After 31 December 2018 or 30 June 2021 as applicable, GBC2 licences will lapse and companies will need to comply with the prescribed requirements of the GBL as issued by the FSC.
Read further details in the link below. You can also reserve a space at the live webcast by PwC Mauritius as outlined below:
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Live Webex Tax reform in the Global Business sector in Mauritius |
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The measures announced in the Budget 2018-19 regarding the Global Business Sector have now been reflected in the Finance Bill 2018. To discover the major changes, join our Live Webex (incl. Q&A) on Friday 27 July 2018 at
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
