Mauritius exempts management-licence services to the global business sector
This page records one dated change. For the rules in Mauritius as they stand today, see the Mauritius guide →
- Jurisdiction
- Mauritius
- Tax
- VAT
- Change type
- Rate change
- Status
- Enacted
- Impact
- Plan ahead
- Announced
- 13 August 2026
- Effective
- 1 October 2026
- Instrument
- MU-14-2026
- Authority
- Mauritius Revenue Authority
- Systems
- Tax engine, Invoicing
- Verified
- Fetched from official source · high confidence
Holders of a management licence under the Financial Services Act supplying services to Global Business Licence corporations, or to trusts and foundations whose settlor or founder and majority of beneficiaries are non-resident.
Treat management-licence services supplied to Global Business Licence corporations and to qualifying non-resident trusts and foundations as VAT-exempt in Mauritius from 1 October 2026.
Tax engineInvoicing
Section 25(r)(xiii) adds new item 97 to the First Schedule of the VAT Act, exempting the supply of services by a holder of a management licence under the Financial Services Act to corporations holding a Global Business Licence, to trusts whose settlor and majority of beneficiaries are non-residents, and to foundations whose founder and majority of beneficiaries are non-residents.
What changed in detail
Section 25(r)(xiii) adds new item 97 to the First Schedule of the VAT Act, exempting the supply of services by a holder of a management licence under the Financial Services Act to corporations holding a Global Business Licence, to trusts whose settlor and majority of beneficiaries are non-residents, and to foundations whose founder and majority of beneficiaries are non-residents.
What it means
An exemption rather than a zero rating, which means the input tax attributable to these supplies stops being recoverable. Management companies with substantial Mauritian input costs may find the exemption raises their net cost rather than lowering it, and the apportionment calculation is the work item, not the rate change.
Proof
97. The supply of services by a holder of a management licence under the Financial Services Act to - (a) corporations holding a Global Business Licence; (b) trusts whose settlor and the majority of the beneficiaries are non-residents; or (c) foundations whose founder and the majority of the beneficiaries are non-residents.
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