Академический Документы
Профессиональный Документы
Культура Документы
YEAR
2010
Value Liberalised
(USD)
1,615,331,216
Within 15
years
% of Trade
Liberalised
(USD
65.4 %
Excluded
Value (USD)
428,818,834
EAC
Exclusion
EC
Liberalisation
17.4%
100%
SAT
No. of
Tariff
Lines
83%
1,950
14.6%
90%
1,129
2.6%
91%
960
361,011,102
2033
64,864,376
Exclusion
1,390
Total trade
liberalised
by EAC
82.6%
2,041,206,694
Total EAC
Imports
from EU
2,470,025,527
TOTAL TARIFF LINES
5,429
Tax avoidance
Consultancy services
Employment services
Financial services
Assets management
ICT Services
Funds management
Operational headquarters
Insurance
Pension funds
Zero tax rate on corporate profits. The country has exempted such entities from
income tax payable for income years up to and including the income year
ending 31 December 2013. The corporate tax rate applicable to processing and
transformation activities is 15%.
Exemption from Customs duties and Value Added Tax (VAT) on all goods and
equipment imported into the Freeport zone.
A reduction in fees related to port handling charges for all goods destined for reexport
Free repatriation of profits from the Freeport operations.
Full ownership (100%) where no immoveable property is to be held in Mauritius.
An allowance to sell a quota of 20% of total goods re-exported into the local
market where normal tax rates will apply.
Exemption From Capital Gains Tax (CGT): Most jurisdictions on the African continent
levy CGT at a rate ranging from 30-35 per cent. In Mauritius DTTs, restriction on
taxation rights on capital gains to the country of residence of the sellers assets.
Mauritius CGT is 0%.
Limitation of Withholding Tax on Dividends: In many African countries, dividends
paid out to non-residents attract withholding tax ranging from between 10% and
20%. In Mauritius DTTs, rates are generally 0%, 5% or 10%. This therefore enables
companies resident in Mauritius to make savings of ranging from 5% to 20%
depending on the country they are investing in.
dividends, interest and royalties paid; no Capital Gains Tax; free repatriation
of profits, capital and interest; no estate duty, inheritance, wealth or gift tax
as well as full protection of assets.
Global companies are liable to Corporate tax at 15% but may claim a foreign tax credit
in respect of the actual foreign tax suffered or 80% presumed foreign tax credit,
WHICHEVER IS HIGHER (legal language for raising ceilings).
This effectively means that a Global Business License Company is taxed at a MAXIMUM
EFFECTIVE RATE OF 3%.
[1]
See Table 1: PIDA stakeholders from the PIDA official site at: http://www.pidafrica.org/about_us.html
PROJECT COMPONENTS
1 Lamu Port
2 Railway Line
3 Highway
4 Crude Oil Pipeline
Product Pipeline
5 Oil Refinery
6 Resort Cities
7 Airports
8
SUPPORT
INFRASTRUCTURE
EAC Projects
1. Batoka Gorge Hydropower Project
2 Ruzizi III
3 Rusumo Falls
4 Northern Multimodal Corridor
5 North-South Multimodal Corridor
(Dar es Salaam Port Expansion
Zambia-Tanzania-Kenya Transmission Line)
6 Djibouti - Addis Corridor
7 Central Corridor
8 Beira-Nacala Multimodal Corridors
9 Lamu Gateway Development
10 Uganda-Kenya Petroleum Products Pipeline
11 Great Millennium Renaissance Dam
Total Value (US$ millions)
$2,800 million
450
360
1,000
2,325
1,000
840
450
5,900
150
8,000
23,275
$ 2,140 Million
NA
1,200
NA
NA
150
300
179
384
290
590
540
6,193
SADC Projects
1 Southern Africa Hub Port and Rail Programme $2,270 million
2 Multisectoral Investment opportunity Studies 1
3 North - South Power Transmission Corridor
6,000
4 Mphamda-Nkuwa Dam
2,400
5 Lesotho HWP phase II hydropower component 800
6 Lesotho HWP Phase II - water transfer component
1,100
Total Value (US$ millions)
12,571
Conclusions