Section 23: The SIC Development Co. Ltd
This section is inserted by Finance Act 2020, section 28.
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.
23. The SIC Development Co. Ltd
(B) by inserting, in the appropriate alphabetical
order, the following new items –
A subsidiary company of the Bank of Mauritius
SIC Development Co. Ltd
(ii) in Part II, in Sub-part C –
(A) in item 35, by deleting the word “incorporated”
and replacing it by the words “which has started
its operations on or”;
242 Acts 2020
(B) by adding the following new items –
(46) Income derived from inland
aquaculture in Mauritius, by a company which
has started its operations on or after 4 June 2020,
for a period of 8 successive income years starting
from the income year in which the company has
started its operations.
(47) Income derived by a company
which has started its operations in Mauritius on
or after 4 June 2020 and approved by the Higher
Education Commission as being a branch campus
of an institution which ranks among the first 500
tertiary institutions worldwide whose ranking at
the time of registration, for a period of 8 successive
income years starting from the income year in
which the institution has started its operations.
(48) Income derived from the
manufacturing of nutraceutical products by a
company which has started its operations on or
after 4 June 2020 for a period of 8 successive
income years starting from the income year in
which the company has started its operations.
(ab) in the Third Schedule, in Part I, by deleting the table and
replacing it by the following table –
Individual (Rs)
Category A 325,000
Category B 435,000
Category C 515,000
Category D 600,000
Category E 680,000
Acts 2020 243