Section 10B: The income derived by a company
This section is inserted by Act No 13 of 2019, section 26.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
10B. The income derived by a company
from bunkering of low Sulphur
Heavy Fuel Oil for a period of
4 succeeding years starting from
the income year ending 30 June
2019 or for a company set up after
1 July 2019, 4 succeeding years as
from the income year in which that
company starts its operations.
(II) in item 34(a), by adding the words
“or income derived by a company
from intellectual property assets which
are developed in Mauritius on or after
10 June 2019”;
(III) in item 41(b), by deleting the words
“required by the Financial Services
Commission established under the
Financial Services Act” and replacing
them by the words “may be prescribed”;
(IV) by adding the following new items –
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Questions this section answers
- Is income from bunkering low Sulphur Heavy Fuel Oil exempt from tax, and for how long?