Section 73B: Premium visa

73B. Premium visa (1) Notwithstanding sections 5, 73 and 74 but subject to subsection (2), where an individual holding a premium visa derives income for work performed remotely from Mauritius, that income shall be deemed to be derived by him in Mauritius when it is remitted in Mauritius. (2) Where a holder of a premium visa spends money in Mauritius through the use of his foreign credit or debit card, the amount so spent shall be deemed not to have been remitted in Mauritius. (3) Where a holder of a premium visa deposits money in a bank account in Mauritius, he shall be liable to income tax on such deposits unless a declaration is made to the effect that the required tax has been paid on that income in his country of origin or residence. (4) In this section – “premium visa” means a visa issued by (cid:87)(cid:75)(cid:72)(cid:3) (cid:83)(cid:68)(cid:86)(cid:86)(cid:83)(cid:82)(cid:85)(cid:87)(cid:3) (cid:82)(cid:73)(cid:191)(cid:70)(cid:72)(cid:85)(cid:3) (cid:87)(cid:82)(cid:3) (cid:68)(cid:3) (cid:81)(cid:82)(cid:81)(cid:16)(cid:70)(cid:76)(cid:87)(cid:76)(cid:93)(cid:72)(cid:81)(cid:3) (cid:82)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) recommendation of the Economic Development Board established under the Economic Development Board Act. (r) in section 74(1)(f), by inserting, after the word “shares”, the words “in a company resident in Mauritius”; (s) in section 75 – (i) by inserting, after the words “in Mauritius” wherever they appear, the words “or from Mauritius”; (ii) by inserting, after subsection (1), the following new subsection – (1A) For avoidance of doubt, subsection (1) shall apply to all business or income earning activities carried out in Mauritius or from Mauritius since the commencement of this Act. 344 Acts 2021 (iii) in subsection (2), by inserting, after the words “in Mauritius”, the words “or from Mauritius”; (t) in section 108, by deleting the words “in accordance with Part IV of the First Schedule” and replacing them by the words “at the rate as applicable in Part I of the First Schedule”; (cid:11)(cid:88)(cid:12)(cid:3) (cid:76)(cid:81)(cid:3)(cid:86)(cid:72)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:20)(cid:20)(cid:20)(cid:50)(cid:15)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:71)(cid:72)(cid:191)(cid:81)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:179)(cid:50)(cid:83)(cid:72)(cid:85)(cid:68)(cid:87)(cid:82)(cid:85)(cid:180)(cid:15)(cid:3)(cid:69)(cid:92)(cid:3)(cid:76)(cid:81)(cid:86)(cid:72)(cid:85)(cid:87)(cid:76)(cid:81)(cid:74)(cid:15)(cid:3) after the words “Mauritius National Lottery Operator”, the words “, operator of the Loterie Vert”; (v) by inserting, after section 112, the following new section –