What is the corporate tax rate for a GBC1 in Mauritius?
A GBC1 company is taxed on its chargeable income (including dividends, interests and other income but not capital gains less expenses) at a corporate rate of 15% which is reduced to 3% after a deemed foreign tax credit of 80% on foreign sourced income, or even to a lesser amount or to nil if there is evidence of withholding and underlying taxes paid overseas.
