Sunibel Corporate Services

Tag: tax

MRA launches the Individual Income Tax for the Income Year ending 30 June 2019

Sunibel Corporate Services wishes to inform you that the Mauritius Revenue Authority (MRA) has launched the income tax return season for the Income Year ending 30 June 2019. Individual taxpayers have to file their income tax return and effect payment, if any, by Monday 30 September 2019. If the filing of income tax return is […]

Mauritius Budget brief 2019-2020: The transformative journey continues towards “embracing a brighter future”

The Honourable Pravind Kumar Jugnauth, Prime Minister and Minister of Finance and Economic Development of the Republic of Mauritius, on 10th June 2019 presented the National Budget, the last of the current Government’s mandate before the forthcoming general elections. Themed “Embracing a brighter future together as a nation”, the Budget pursues the approach of improving […]

Mauritius removed from the European Commission’s high-risk third countries list

On Wednesday 13 February 2019, the European Commission reviewed its list of countries with permissive control in the fight against money laundering and terrorist financing. With necessary steps taken to ensure its financial sector meets international standards, the Commission took out Mauritius from its high-risk third countries list. Money laundering and the financing of terrorism […]

Private Equity Investors: Think impact investment

Impact investment; is it a rhetoric or reality? A decade ago, this concept was barely known by the world, if not the case, by very few investors. The promoters of impact were mainly philanthropists via charitable aid and donations in order to increase the well-being of humankind. Impact investments “are investments made into companies, organisations, […]

Mauritius tax regimes are not harmful – OECD’s 2018 Report on Peer Review Results on Preferential Regimes

Last year, 53 jurisdiction, including Mauritius, underwent a peer review assessment from the Organisation for Economic Co-operation and Development’s (OECD) Forum on Harmful Tax Practices (FHTP). Subsequent to this peer review and the changes brought recently by the Mauritian government, OECD’s report has found that Mauritius does not have any harmful tax regimes.   Why […]

How can global corporate structuring benefit your business when going global?

We often hear about companies (public and private) making important investments globally, especially for large public companies. According to a recent Deloitte’s global survey (based on almost 1,900 private-company leaders across 30 countries), private companies and SMEs have international presence at the heart of their strategy, with about 70% of them depending on international markets […]

What is the insurance broker licence?

What is the insurance broker licence? The Insurance Broker licence is issued by the Financial Services Commission Mauritius (FSC) to any person or company who wishes to do business as Insurance Broker. An insurance broker is defined as a person who arranges insurance business with insurers on behalf of prospective policyholders, or as a representative […]