Section 17: (1) Subject to paragraph (2), emoluments derived by an employee
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.
17. (1) Subject to paragraph (2), emoluments derived by an employee
from his employment with a corporation licensed by the Financial Services
Commission established under the Financial Services Act, provided that the
employee manages an asset base of not less than USD 100 million and is issued
with—
(a) an Asset Manager Certificate;
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Revised Laws of Mauritius
(b) a Fund Manager Certificate; or
(c) an Asset and Fund Manager Certificate,
on or after 1 September 2016, by the Financial Services Commission established
under the Financial Services Act.
(2) The exemption shall be for a period of 5 income years as from the
income year in which the employee was granted the certificate referred to in
paragraph (1)
[Sub-part A amended by GN 129 of 2006 w.e.f. 1 July 2006; s. 15 (1A) of Act 3 of 2007
w.e.f. 1 March 2007; s. 17 (zh) (ii) of Act 17 of 2007 w.e.f. 22 August 2007; GN 128 of 2008
w.e.f. 1 July 2008 in respect of the income year commencing on 1 July 2008 and in respect of
every subsequent income; s. 21 (x) of Act 14 of 2009 w.e.f. 2 February 2009; s. 21 (x) of
Act 14 of 2009 w.e.f. 2 February 2009; s. 9 (zc) of Act 10 of 2010 w.e.f. 1 January 2011 as
from the income year commencing on 1 January 2011; GN 214 of 2011 w.e.f. 1 July 2008;
s. 12 (w) (ii) of Act 26 of 2012 w.e.f. 1 February 2009; GN 54 of 2013 w.e.f. 1 January 2013;
GN 5 of 2014 w.e.f. 1 January 2013; s. 3 (a) of GN 3 of 2015 w.e.f. 25 September 2007;
s. 24 (zq) (i) of Act 9 of 2015 w.e.f. 1 July 2015; reg. 3 (a) of GN 231 of 2016 w.e.f. 5 November 2016; GN 46 of 2017 w.e.f. 1 July 2016.]
Sub-Part B – Dividends, Interest and Royalty