The property guide 2021 | Page 60

REAL ESTATE INVESTMENT 2021

Tax implications of these investment vehicles

Taxation
Local company
GBC
Civil Society Holding Immovable Estate
Trust
15 % tax on chargeable income 1
Only applicable to trusts registered in Mauritius
Corporate Social Responsibility ( CSR ) - 2 % on taxable income
N / A
N / A
Flat-rate registration fee of 5 % on the purchase price of a residential property
15 % Value Added Tax ( VAT ) 2
TDS - 5 % tax deduction withheld on rental income 3
Only applicable to trusts registered in Mauritius
1
Civil Society Holding Immovable Estate is not taxable ; its partners are subject to tax on their share of income
2
Refund on VAT on the purchase price of a residential property subject to certain conditions
3
TDS withheld on rental income can be deducted from tax liability
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