Section 23: The SIC Development Co. Ltd

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