VAT Treatment of Rental Operations for Mauritian Company Limited by Shares: Ruling No. 115

• VAT Ruling No. 115 was published in The Mauritian Official Gazette on June 8
• The ruling explains the VAT treatment of rental operations for a VAT-registered domestic company
• The company was engaged in buying, holding, and administering a villa in Mauritius for rental purposes
• The company could claim input VAT credit before commencing rental operations
• The company could also claim a refund for excess input tax on capital goods incurred during construction
• The Tax Agency held that the company could claim the credit and make a refund claim
• The excess amount could be carried onto the return for the following taxable period

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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