Section 3A: (a) Interest derived by individuals and

3A. (a) Interest derived by individuals and companies – (i) from debentures, bonds or sukuks issued by a company to finance renewable energy projects on such terms and conditions as the Director-General may approve; and (ii) from a sustainability bond or a sustainability-linked bond issued in accordance with the bond principles, guidelines and handbooks administered by the International Capital Market Association to finance sustainable projects in Mauritius. (b) In this item – “sustainability bond” means a bond which finances a range of both social and environmental projects that are aligned and contribute to the achievement of the Sustainable Development Goals (SDGs); “sustainability-linked bond” means a bond for which the financial or structural characteristics can vary depending on whether the issuer achieves predefined Sustainability, Acts 2023 271 Environmental, Social and Governance objectives which are measured through predefined Key Performance Indicators and assessed against predefined Sustainability Performance Targets. (B) in item 7 – (I) in paragraph (a), by deleting the words “sub-item (b)” and replacing them by the words “sub-items (aa) and (b)”; (II) by inserting, after paragraph (a), the following new paragraph – (aa) Subject to sub-item (b), 95 per cent of interest derived by a Collective Investment Scheme or a Closed-End Fund licensed or approved by the Financial Services Commission established under the Financial Services Act. (III) in paragraph (b), by inserting, after the words “sub-item (a)”, the words “or (aa)”; (iii) in Sub-part C – (A) in item 41 – (I) by repealing paragraph (a) and replacing it by the following paragraph – (a) Subject to sub-item (b), 80 per cent of the income, other than interest, derived by a Collective Investment Scheme or a Closed End Fund licensed or approved by the Financial Services Commission established under the Financial Services Act. 272 Acts 2023 (II) by inserting, after paragraph (a), the following new paragraph – (aa) Subject to sub-item (b), 80 per cent of income derived by a CIS manager, CIS administrator, investment adviser, investment dealer or asset manager, as the case may be, licensed or approved by the Financial Services Commission established under the Financial Services Act. (III) in paragraph (b), by deleting the words “sub-item (a)” and replacing them by the words “sub-items (a) and (aa)”; (B) in item 45, by deleting the words “5 succeeding years” and replacing them by the words “10 succeeding years”; (ah) in the Third Schedule – (i) by repealing Part I and replacing it by the following Part – PART I – DEDUCTION FOR DEPENDENT