CONTENTS
- South Africa: An Overview
- The lacklustre South African economy
- The South African economy and taxes
- Capital allocation: locally or abroad?
- Mauritius: An Overview
- Livability
- The economy
- Doing Business in Mauritius
- Some quick-fire facts on why you should be doing business in Mauritius
- Ease of doing business
- Business or trust setup process
- Tax benefits
- Strategic location
- Start-ups and SME support
- Infrastructure
- Standard of living
- Legal and regulatory framework
- Establishing a business in Mauritius
- What is a Global Business License (GBL)?
- What is an Authorized Company (AC)?
- What is a Domestic Company?
- What documents do I need to set up a company in Mauritius?
- When setting up my company, do I have to rent office space in Mauritius?
- Can I open a bank account in Mauritius?
- Your company
- You
- Buying property in Mauritius
- Residency/Occupation Permits
- Can I get a residency permit in Mauritius for me and/or my family?
- Can I retire in Mauritius?
- What type of Occupation Permits are available?
- Investor
- Investor in high technology machines and equipment
- Investor for innovative startups
- Professionals
- Self-employed
- Purchase of a property
- Dependents of Occupational or Retirement Permit Holders
- Is permanent residency in Mauritius possible?
- Compliance and taxes
- What statutory requirements does my company have to adhere to?
- Value Added Tax (VAT)
- Withholding Taxes (WHT)
- Corporate Tax
- Individual taxes
- Special tax holiday schemes
- Residents and non-residents
- Economic Substance Regulations (ESR)
- Common Reporting Standards (CRS)
- Ultimate Beneficial Ownership (UBO)
- Anti-Money Laundering (AML)
- Trusts
- An overview
- The advantages of using a trust structure in Mauritius
- Confidentiality
- Taxation on a trust in Mauritius
- The Tax Implication for South African Residents
- Tax residency
- Income tax
- Anti-avoidance
- Estate duties
- Ceasing to be a South African Tax Resident
- Other relevant sections of the Income Tax Act
- Addendum: South African Tax Implications – A short overview
- SECTION 7 – WHEN INCOME IS DEEMED TO HAVE ACCRUED OR TO HAVE BEEN RECEIVED
- SECTION 7C – LOAN, ADVANCE, OR CREDIT GRANTED TO A TRUST BY A CONNECTED PERSON
- SECTION 9H – CHANGE OF RESIDENCE, CEASING TO BE A CONTROLLED FOREIGN COMPANY (CFC) OR BECOMING HEADQUARTER COMPANY
- SECTION 9D – CONTROLLED FOREIGN COMPANIES (CFC)
- SECTION 10B(2) AND (3) – EXEMPTION OF FOREIGN DIVIDENDS AND DIVIDENDS PAID OR DECLARED BY HEADQUARTER COMPANIES
- SECTION 25B AND (2A) – INCOME OF TRUST AND BENEFICIARIES OF TRUST
- SECTION 31 – TAX PAYABLE IN RESPECT OF INTERNATIONAL TRANSACTIONS TO BE BASED ON ARM’S LENGTH PRINCIPLE
- SECTION 64B OF THE EIGHTH SCHEDULE – DISPOSAL OF EQUITY SHARES IN FOREIGN COMPANIES
- SECTION 80(3) OF THE EIGHTH SCHEDULE – CAPITAL GAINS ATTRIBUTED TO BENEFICIARY
- SECTION 80A TO 80L – GENERAL ANTI-AVOIDANCE RULES (GAAR)
- PLACE OF EFFECTIVE MANAGEMENT (POEM)
- CENTRAL MANAGEMENT AND CONTROL (CMC)