Please click here for the latest Budget Speech for 2020/2021.
Below are the proposed changes which have not been promulgated yet.
- Income Exemption Threshold
The tax rate remains unchanged. However, the Income Exemption Threshold (IET) for all categories will be increased as detailed below, effective 1 July 2020:
- Deduction for bedridden dependent
A new additional annual deduction ranging between MUR80 000 and MUR110 000 can be claimed by a taxpayer who has a bedridden next of kin as dependent provided that his/her total number of dependents does not exceed 4. This is effective 1 July 2020.
- Contribution Sociale Généralisée (CSG)
The National Pension Fund is being abolished and replaced by a new system, the Contribution Sociale Généralisée (CSG). This is effective 1 September 2020.
Under the CSG, the contribution will be as follows:
Note that the information provided above is subject to approval by Parliament. Communication will be updated as soon as we have more information.