Mauritius 2023-2024 Budget Delivered Including New Personal Income Tax Regime and Several Other Measures

On 2 June 2023, the Mauritius Minister of Finance, Economic Planning, and Development delivered the Budget Speech 2023-2024. The main tax measures announced in the Budget Speech include:
- The introduction of a new progressive personal income tax regime with the following brackets/rates, along with the repeal of the solidarity levy:
- up to MUR 390,000 - 0%
- MUR 390,001 and 430,000 -2%
- MUR 430,001 …