Do you have to pay tax on your savings in Mauritius?




4 Replies
I've got an account with PEL (Mauritius Housing), do I need to pay tax as well?
@avish : Please try to write in the same language in which the question is set as I had to translate your comment from Creole to English. We have distinct sections for each language (see the FAQ).
To answer your question, each person receives an allowance which depends on the circumstances of the individual. For example, if you don't have any dependents and your total income is below Rs255,000 in a year, you don't have to pay any tax. If you exceed that amount, then you will be taxed. Income is any money that you get (wages, shares, interest etc).
Our interest rate is not even 1% on savings accounts. You aren't taxed on dividents but FSC takes some 0.25-0.75% from any brokage transaction. /
Similar topics for you





















