- Mauritius Revenue Authority clarified VAT treatment for financial services supplied by holders of management licenses under the Financial Services Act, following Finance Act 2026 amendments.
- Effective Oct. 1, services provided by such license holders to corporations holding a global business license are exempt supplies under the VAT Act.
- The exemption also applies to services provided to trusts where the settlor and majority of beneficiaries are nonresidents, and to foundations where the founder and majority of beneficiaries are nonresidents.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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