Summary
- From 1 October 2026, services supplied by management-licence holders to specified global-business corporations, non-resident trusts and non-resident foundations are VAT-exempt.
- The exemption is provided by item 97 of the First Schedule to the VAT Act following the Finance Act 2026.
- Qualifying supplies made before 1 October 2026 remain zero-rated, creating a clear transition date and a potentially different input-tax recovery outcome.
Extended article
The Mauritius Revenue Authority clarified that the new exemption covers services to corporations holding a Global Business Licence, trusts whose settlor and majority of beneficiaries are non-residents, and foundations whose founder and majority of beneficiaries are non-residents.
The change from zero rating to exemption is significant because both treatments avoid output VAT, but exemption can restrict recovery of attributable input VAT. Management companies should update tax coding from the effective date and consider partial-exemption consequences.
Source
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