The Finance Act 2025 (Act No. 18 of 2025) introduced several important tax and regulatory changes that affect individuals, companies and foreign investors in Mauritius. Many of these measures are already in force, while others will apply from 2026. Below is a concise overview of the provisions most relevant to Rosemont clients in private wealth planning, international structuring and cross border investment.
1. Introduction of the Fair Share Contribution
One of the headline measures is the creation of the Fair Share Contribution. This operates as an additional contribution on higher levels of income and is applicable for the income years starting on or after 1 July 2025 and ending on 30 June 2028.
• Individuals with leviable income above MUR 12 million in an income year will pay a 15 percent contribution on the amount exceeding this threshold;
• Companies other than Global Business Companies will pay a contribution ranging between 2 percent and 7.5 percent when their chargeable income exceeds MUR 24 million. The rate is based on the level of chargeable income;
• Dividends from GBCs remain excluded from the leviable income threshold for individuals, which is relevant for clients using Mauritius vehicles for international structuring.
The Act also introduces quarterly filing obligations for companies, creating a new compliance requirement that must be integrated into accounting and tax processes.
2. Changes to Property Taxes for Non-Citizens
From 1 July 2026, the registration duty and land transfer tax applicable to non-citizens buying or selling residential property under an approved property scheme will rise from 5 percent to 10 percent.
This applies even if the promise of sale was entered into before that date. As a result, timing and structuring of transactions under EDB programmes such as IRS, RES and PDS should be reviewed carefully. For developers, the increased tax burden may affect marketing strategy and finance models. For private buyers, the overall cost of acquisition will materially increase.
3. Personal and Corporate Tax Clarifications
The Finance Act also provides a number of targeted amendments, including:
• Refinements to the definition of chargeable income and deductions for companies;
• Updated exemptions for certain dividend streams;
• Adjustments to the tax treatment of specific allowances and incentives, particularly for priority economic sectors.
Clients with existing structures should review whether the new rules impact profit allocation, withholding obligations or internal pricing arrangements.
4. Compliance and Reporting Implications
Across both the income tax and property tax changes, the Act places additional focus on reporting and correct classification. Companies subject to the corporate Fair Share Contribution will need to prepare and file quarterly electronic statements. For individuals with international income streams, correct identification of leviable income will be essential.
Rosemont’s office in Mauritius can assist clients in analysing the impact of these changes, revising their tax planning strategies, and ensuring that holding structures remain compliant and that property acquisitions or disposals are optimised in light of the new duty and tax levels.
The Finance Act 2025 represents a significant shift in the Mauritian tax landscape, especially for high income individuals, large domestic companies and foreign investors in residential property schemes. While the overall framework of Mauritius as a stable and efficient jurisdiction remains unchanged, clients should update their planning to take account of these new obligations and costs.
Rosemont International offices in Mauritius and internationally are available to review individual situations and provide guidance on structuring, compliance and long term planning under the updated rules.
For more information, please contact office@rosemont.mu