CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Mauritius Implements SME Development Scheme

Mauritius Implements SME Development Scheme

by Lorys Charalambous, Tax-News.com, Cyprus

01 February 2017


The Mauritian Government has confirmed the implementation of its SME Development Scheme, which provides eligible small and medium-sized enterprises with tax incentives, among other things.

In addition to providing a subsidized interest rate on credit, SMEs within the Scheme 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.

According to the Minister of Finance and Economic Development, Vishnu Lutchmeenaraidoo, speaking at a presentation on January 28, the SME Development Scheme is intended to make SMEs the main engine of economic activity in Mauritius within the next five years.

The incentives in the Scheme are extended to companies that are registered with the Small and Medium Enterprise Development Authority (SMEDA) and are engaged in a broad range of productive manufacturing, agricultural, or energy sectors capable of creating employment.

SMEs deemed eligible by SMEDA are granted an SME Development Certificate and are then entitled to the Scheme's tax and financial benefits.

TAGS: Finance | tax | value added tax (VAT) | Mauritius | tax incentives | energy | corporation tax | manufacturing | tax breaks | import duty

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »