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Mauritius To Proceed With SME Development Scheme

by Lorys Charalambous, Tax-News.com, Cyprus

04 February 2016

The Mauritian Government has agreed to introduce a SME Development Scheme, which would provide eligible SMEs with tax incentives, among other things.

In addition to providing a subsidized interest rate on credit, eligible SMEs within the Scheme will obtain tax exemptions for the first eight years of their operations, together with value-added tax and import duty exemptions on purchases of productive equipment.

In line with the Government's objective "to make SMEs the backbone of the economy," the SME Development Scheme will be extended to a broad range of sectors that create jobs.

TAGS: tax | business | value added tax (VAT) | Mauritius | tax incentives | energy | manufacturing | small and medium-sized enterprises (SME) | tax breaks | import duty | services

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