Section 3B: (a) Subject to the approval of the Minister,

3B. (a) Subject to the approval of the Minister, interest income derived from a bond issued by a public sector company to finance infrastructure projects. (b) In this item – “public sector company” means a company registered with the Registrar of 490 Acts 2024 Companies and where the Government of Mauritius, a statutory body or a local authority or the Rodrigues Regional Assembly holds directly or indirectly more than fifty per cent of the shares. (iii) in Sub-part C – (A) in item 28(a), by deleting the words “from the coming into operation of the Act or such other period as may be prescribed” and replacing them by the words “starting from the income year in which the company starts its operation”; (B) in item 41(aa), by deleting the words “or approved”; (C) in item 59, by inserting, after paragraph (a), the following new paragraph – (aa) Subject to sub-item (b), the exemption under this item, in the case of a company holding a global business licence under the Financial Services Act and a certificate as a freeport operator or private freeport developer under the Freeport Act, shall apply only to the income derived by the company pertaining to its activities as a freeport operator or private freeport developer, as the case may be. (D) in item 60 – (I) by deleting the words “Social contribution income” and replacing them by the word “Any”; Acts 2024 491 (II) by deleting the words “Sub-part IIIB” and replacing them by the words “Sub-part IIIB, IIIBA, IIIBB, IIIC, IIICA, IIICB, IIID or IIIE”; (E) by adding the following new items –