Mauritius

November 13, 2012

The Main Indicators

Key measures announced in Budget 2013, presented on Friday 9 November, the Minister of Finance, Xavier-Luc Duval.

Tax system

  • Abolition of excise duties (45%) of the 200cc bikes up.
  • Halving of excise duties (25%) on electric cars.
  • Exemption from Land Conversion Tax (a) for the construction of buildings for technical and vocational training, (b) for manufacturing activities, (c) for the development of renewable energy plants, and (d) for the construction of the golf course.
  • Excise increase of 12% on cigars and cigarettes. Kilo cigar password Rs 10,925 to Rs 12,236 thousand units and cigarettes password Rs 3160 to Rs 3540.
  • 15% increase in excise duties on alcoholic beverages. For example, a liter of beer goes from Rs 29.75 to Rs 34.20.
  • From 1 January 2013, all soft drinks, whether imported or produced in the island, will be subject to excise duties.For each gram of sugar in the drink, a fee will be applied in two.
  • Abolition of the "levy" of the CWA Re 1.50 on every liter of soda or mineral water produced.
  • VAT exemption on cereals containing no milk for children, the colostomy bags and urine bags on entry tickets in theaters and concerts, and movies on royalties imported.
  • Abolition of customs duties on imported goods such as sinks, bathtubs and bidets, tampons and 32-inch TVs.
  • The Solidarity Levy on commercial banks is maintained for an additional two years. That providers of telephone service is extended for one year.
  • Deduction of medical insurance
  • From 1 January 2013, a taxpayer may deduct from its net income in the tax return, investment in medical insurance policies or health contracted for on his behalf or for his dependents. For singles, the limit is Rs 12,000.For the taxpayer "one dependent", it is Rs 12,000 to Rs 12,000 and him for the addict. While the taxpayer with two dependents, the limit is Rs 12,000 for him Rs 12,000 for the first dependent and Rs 6000 for the second.
  • The ceiling is Rs 12,000 per retiree. The latter, with dependents, is entitled to a deduction of up to Rs 12,000 to Rs 12,000 and him to the assisted person.

 

Pensions 

  • The old age pension to Rs 3,494 to pass the age 60-89 years and Rs 10,404 for 90 to 99 years. Centenarians will get Rs 11,807.
  • The 70,000 welfare recipients also benefit from an increase of 4.3%.

 

Focus on Africa 

  • The government will continue its policy to encourage regional organizations to move to Mauritius.
  • Nationals of 29 countries in Africa will be further exempted from visa or they will receive visas on arrival to facilitate trade and investment in Africa.
  • Honorary Consuls are appointed in every major city on the continent. They offer an excellent service at no cost to the government.
  • Mauritius will continue to contribute to the effort to invest in human resources in Africa by launching a new scholarship program for 50 African students.
  • Five Agreements Double Taxation (DTA) will be signed more next year.
  • The free zone status will be granted to companies that wish to conduct activities directed to specific manufacturing and exporting to Africa. Other areas "freeport" are planned near the port and the airport.

 

Banking sector 

  • Amendment of Deposit Insurance Legislation to protect customers.
  • The Financial Services Commission consults stakeholders for the implementation of a new compensation fund under the Insurance Act in case of "hit and run".
  • Completion of the Ombudsperson for Financial Services Bill.
  • The Bank of Mauritius (BoM) ensure that commercial banks charge program "treat your customers fairly."Legislation will also be provided to increase the power of the BoM, so she could cap charges commercial banks.

 

Education 

  • Provision of Rs 20 million to improve childcare.
  • Encourage primary training through new technologies.
  • The Summer and Winter School Programs will be maintained
  • Rs 100,000 loan for higher studies in Mauritius or abroad, with a parent company guarantee.
  • Provision of Rs 20 million for needy students at tertiary level.
  • Recruiting 12 Quality Assurance Inspectors in high school.
  • Connection to fiber optic cables to all colleges.
  • 9200 PTA school students get a hot meal per day.
  • A computer braille for visually impaired students.
  • Synergy between universities, government and industry to meet the needs of the labor market.
  • The Foundations of Education will meet every year.
  • Prevocational sector is open to foreign students.

 

Housing 

  • The Ministry of Housing and Lands launch tenders for the construction of 85 residential units and 34 lots. This will be on a pilot basis. 
  • The National Empowerment Foundation (NEF) will intensify its activities for the construction of permanent houses in sheet. The prototype was expanded from 23 to 31.5 square meters. Cost: Rs 240,000 maximum. 
  • Land has been identified and reserved for the construction of 50 units per Olea Housing Trust. This is intended to provide a decent living environment for families from harsh environments, under the Housing Development Trust Scheme, as announced last year. 
  • Four sites have been identified for the construction of social housing: Beaux-Songes, Piton, Madame-Azor and Gros Cailloux. 
  • The allocation of Rs 200 per household for granted the trustee of the NHDC will be extended by one year. 

 

Police and justice 

 

  • The introduction of a Judicial and Legal Provision Bill to ensure that judgments are made quickly.
  • Recruitment of 50 Judicial Assistants to promote the quality of service in the judiciary and expedite the proceedings.
  • New legislation to better Family Court.
  • Budgetary provision for the recruitment of 600 additional police officers.
  • A budget of Rs 34 million will be allocated to the Forensic Science Laboratory. The objective: fill the gaps and put in place a structure to ensure complete DNA testing and comply with the DNA Identification Act.
  • The number of areas under surveillance will be increased. Provisions have been made for the installation of CCTV cameras in areas of Beau Bassin, Rose Hill and Quatre-Bornes.

 

SMEs 

  • In addition financing plan of Rs 1 billion per year over three years, announced in Budget 2012, commercial banks lend Rs 250 million / year to SMEs whose turnover is less than Rs 10 million. The interest rate will be 3% added to the rate of 7.9% to date.
  • The interest rate of Leasing Equipment Modernisation Scheme (LEMS) from 8.5% to 7.25%.
  • The eligibility threshold for payment of the VAT password Rs 2 million annual turnover
  • Rs 4 million.
  • All loans from the Development Bank of Mauritius (DBM), the amounts do not exceed Rs 20,000 and are unpaid for three years, will be removed.
  • The "performance bonds" are no longer mandatory for contracts of less than Rs 5 million.
  • The "Advance Payment Guarantees" are reduced.
  • The allowance for SMEs for participation in fairs abroad will increase from
  • Rs 100,000 to Rs 200,000 with a travel allowance of up to Rs 20,000.
  • The Small and Medium Enterprises Development Authority (SMEDA) develop a "Made with care" and the National Heritage Trust Fund Act will be amended to protect local handicrafts against imports.

 

Health 

  • Recruitment of 75 doctors, 25 nurses and specialists.
  • Increase of 85 cents per liter soft drink.
  • The bottled water down Re 1.50.
  • To ensure the quality of service, the government expects a recruitment system where candidates will be familiar with a new mechanism.
  • An effort will also be made to improve the system of emergency.
  • In the same spirit, a new Shift System will be set up for emergencies so that emergency does not have to do more than eight hours per day.
  • The Department will implement a screening that all medical graduates have to pass before their registration as a general practitioner.

 

Agribusiness 

  • A sum of Rs 40 million will be allocated for the grant of local compost. Which means a decrease of
  • 30% of the cost of fertilizers.
  • The government will pay the full cost of fees pre-test and certification of small farms with sales of less than Rs 10 million.
  • To boost productivity, spare parts, equipment and other post-harvest agricultural equipment will be covered.
  • Rs 15 million will be allocated to pig farmers for cutting room.
  • Rs 2 million additional activities for Small Farmers Welfare Fund.
  • Continued payment of an advance of 80% sugar planters when their productions are sent to the factory.

 

Social integration 

  • Rs 130 million will be allocated to provide hot meals to 9,200 school children every day PTA. Which is equivalent to Rs 1500 per student each month.
  • The sum of Rs 750 has been standardized for children whose parents receive a base salary of less than Rs 6200.This pension will however not extended to fourth child. This project is valued at Rs 100 million, dedicated to about 20,000 children. To reduce absenteeism and rate of school children, the government will provide this assistance only to those who have an attendance rate of 90% in school for a minimum period of two months.
  • The houses will be increased from 23 to 31.5 m³ m³ at a cost of Rs 240,000 per unit.
  • Besides the construction of 50 social housing units by the Housing Trust Olea, four other sites (Fine Dreams, Madame-Azor, Piton and Gros Cailloux) have been identified for the construction of other units.

 

In Numbers - Economic Indicators 

Balance of Payments 

A surplus of about Rs 3 billion will be recorded this year 

 

Budget deficit 

2.5% in 2012, below expectations of 3.8% 

2.2% in 2013  

 

Debt (relative to GDP) 

54.2% in 2012 

53.7% in 2013 

Target of 50% by 2018 

 

Public service 

Attach additional 19 Account Examiners Audit Director for audits and monitored in real time. 

 

Regional administrations 

Acquisition of dumpsters at a cost of Rs 100 million. 

Rs 30 million for the cleaning of roads by the Road Development Authority. 

Rs 500 million for renovations in cities and villages. 

 

Ecology 

Rs 30 million to the Road Development Authority for cleaning roads. 

The paper used by the government to be 25% recycled. 

Each ministry and department will sort paper for recycling. 

 

Family 

An allocation of Rs 750 to all children whose parents earn less than Rs 6200. 

 

 

Tags Cloud

20102011Absa Bankaccaaccidentaccidentsadministration volontaireADSUadvertisingafghanistanAfrAsiaafricaagalegaagreementagricultureagroAHRIMAIairair asiaair australAir Franceair madagascarair mauritiusairasiaAirlinesairportairway coffeeAlbionalgeriaalibabaalteoAlvaro SobrinhoamazonAmeenah Gurib-FakimAMLandroidangolaAnil BachooApollo Bramwellappappleappointmentsappsaquaculturearab townarrestArtArvin BoolellasiaATMATOauditaudit reportaustraliaaustriaaviationawardawardsAxcel ChenneyBABagatelleBagatelle DamBAIBalaclavaBangladeshbankBank OnebankingbanksBar CouncilbarclaysBDObeachbeachesBeau Bassin-Rose HillbeautybeerBelgiumBelle-MareBelle-RiveBet365betamaxbettingBharat Telecombig databitcoinblue economyBlue-BayBOIboko haramBollywoodBOMbombingbookbookmakerbooksbossBotswanabpmlBPOBramer BankbrazilbrexitBritish AirwaysbudgetbuildingbusesBusinessbusiness trendsCabinetcall centresCanadacanecareercareer tipscargocarnivalcasinoCaudanCCIDCCMCCTVCEBcelebretiescelebritiescementChagoscharityCharlie HebdoCHCchilechinachromeCIELcigarettesCim FinancecinemaclashesCMTcomoroscompetitionconcertconferenceConfinementCongoconstitutional amendmentconstructioncontestcontestscontractcooperationCoronaviruscorruptioncounterfeitcoupCourtCourtscouvre-feuCOVID-19CPBCPEcreativitycreditscreolecrisiscruise shipcruise shipsCSOCT PowerCultureCurepipecustomercustomerscustomsCVCWAcyclingcyclonedamDawood RawatdayDBMdeficitdenguedeportationdevelopmentDiego GarciadivalidoctorsdodoDomaine les PaillesDonald TrumpDPPdrug traffickingdrugsDTAADubaiDuty Freee-commercee-servicesearthquakeebeneebolaecoécolesecologyeconomicEconomic Development BoardeconomicseconomyEducationeducation abroadeducation reformEEZEgyptEIILMelectionelectionselectoral reformelectricityelon muskembassyEmiratesemirates airlinesEmtelenergyENLentrepreneurshipEnvironmentEOCEUEuroEuropeeventeventsexamexaminationexamsexpoexportfacebookfairFalcqfarmersfarmingfashionfast foodfbiFDIfeefeesferryfestivalFievre AphteuseFIFAFIFA World CupFilm Rebate SchemefilmingfilmsfinancefinancesfinancingFirefishfishingFIUFlacqFlic-en-FlacfloodFloodsflourfonction publiquefoodFootballforecastforeign workersForumFrancefraudfruitfruitsFSCFTAfuelfunnyGAARgabongadgetsgalaxygalaxy notegamblinggame of thronesgamesgasgazaGDPGermanyghanaGlobal BusinessgolfGoodlandsgoogleGorah Issac casegovernmentGRAGrand Baygrand-baieGrand-BassinGrand-Gaubegreecegreengreen energygrippeGTUH1N1hackershajjhamashappinessHawaiihawkershealthhealthcareHeritage Cityhi-techhigher educationhighlandshistoryHolcimholidaysHong Konghorse raceshorse racingHospitalhotelhotel businesshotelshowhow toHRHRDCHSBCHSCHSC ProhtchungaryhuntingHusein Abdool RahimIBAIBLICACICTICTAID cardiframacillegal fishingillegal migrationillegal workersIMFimportindiaIndian OceanIndian Ocean Island GamesIndonesiainflationinfluenzaInfographicsinfrastructureinnovationinnovationsinsuranceinterest rateinternetinterpolInterviewinterview tipsinvestinginvestmentinvestmentsIOCIORECiosiPadiphoneIPOiraniraqirelandIRSISISislamicisraelITItalyjapanJean-Claude Bastos de MoraisJellyfishJewelleryJin FeiJIOIjobjobsjockeyjournalismJulian AssangeKailash TrilochunKenyakitesurfingKPMGkreolla buttelabourLafargelandlandslideLarsen & ToubrolawlawslayoffsLe MorneleadershipleakLepeplexpressliberiaLibyalifeloanloanslocal governmentLockdownlogisticslondonlotteryLottotechLRTLufthansalycheeMadagascarmade in morisMahebourgmalariamalaysiamalaysia airlinesMaldivesMalimallmanagementmanagement tipsmanufacturingmarketmarketingmarketsMauBankMauritiansmauritiusMBCMCBMCCIMDFPMeatmeccamediaMedical CouncilMedical tourismmedicamentsmedicineMedineMedPointmeetingMEFMegh PillayMESMeteoMetro ExpressMEXAmexicoMFAMGIMHCmichaela harte caseMicrosoftMIDMidlandsMIEmigrationmigration crisisminimum salaryminimum wagemiss mauritiusmistakesMITDmlMMMmobilemobile phonesMokamoneymoney launderingmonkeyMont-ChoisyMoody’sMoroccomotivationmoviesMozambiqueMPAMPCMPCBMPLMQAMRAMSBMSCMSMMTMTCMTPAMusicMV BenitaNad SivaramenNaïadeNamibiaNandanee SoornackNarendra ModinasanatureNavin RamgoolamNavind KistnahNCBNCGNDUNECnefNegative Income TaxNelson MandelaNeotownNepalnetherlandsnetworkingNew Mauritius Hotelsnew zealandNGONHDCNICNICHLNigerianight clubsNitin Chinien caseNobel Prizenokianorth koreaNRBNTANTCNWCCNWECOCDEoceanocean economyofofficialsoffshoreoilOlympic GamesOmega ArkOmnicaneoniononlineopinionOppositionorangeoscaroscar pistoriusOUMoutsourcingPakistanpalestinePamplemoussesPanama Paperspandit sungkurParadise PapersparliamentPaul BérengerpensionpensionspeoplePereyberepermis de travailPhilippinesPhoenix Beveragesphonespicture of the daypillspiracyplageplagueplanPlanet Earth InstitutePMPMEPMOpmsdPNQpokerpolicepoliticspollutionPonzi SchemeportPort LouisPort-LouispostPovertyPPPPRPravind JugnauthPRBpresentationpresentation tipspresidentpricepricesprisonproblemprofitprojectprojectsprostitutionprotestspsacPSCpsychologyPTRpublic functionpublic servicepwcQatarQuantum Globalquatre-bornesquotesrainsRajindraparsad SeechurnRakesh GooljauryransomwareratesratingratingsRavi YerrigadooRDAreal estaterecallsreformreformsrefugeesreligionrentrepo ratereportRESRésidence Barklyrestaurantrestaurantsresultresultsresumeresume tipsretailReunionrevenuericeRiche-TerreriseRiviere-du-RempartRiviere-Noireroadsroche-boisRoches-Noires caseRodriguesRogersrose-belleRose-HillrosewoodRoshi BhadainRum and SugarRundheersing BheenickrupeeRussiaRwandasafetySAJsalariessalarysalesalessales tipssamsungsanctionssaudi arabiaSBIsbmSCscamscandalSCBGscholarshipscholarshipsSchoolschoolsscienceseasecuritySEMSEMDEXSenegalSeychellesShakeel MohamedShanghaisharksshootingshoppingshopping fiestashopping mallshopping mallsshowShowkutally SoodhunSICsicomSierra LeonesingaporeSITskillssmall businessSmall Planters Associationsmart citysmartphonesSMeSME MauritiusSMEDASMFsmmsnapchatSobrinho casesocialsocial mediasocial networks & messengersSofitelsoftwaresolar energySomaliasonysouthsouth africaSouth China Seasouth koreasouth sudanspainsponsorshipsportSportsSquatterssri lankaSSRStar KnitwearstartupsstatisticsstatsSTCstockstock marketstocksstrategystreet vendorsStressstrikestudystudy abroadstylesubventionsuccesssuccess storysugarsugar canesummitSun ResortsSun Tan caseSunkai caseSunnystarssupermarketssurveySwanSwedenSwitzerlandsyriaTAtabletsTaiwanTanzaniataxtax fraudtax heaventaxesTbillsteateacherTeachersteamTECtechnologytelecomtendertendersterrorismtertiarytextilethailandthethefttimetime managementtipstototaltourismtoystradetrade feetradingtrainingtrainingstransporttraveltrendsTrioletTripAdvisorTrou-aux-BichestsunamitunaTunisiaTurfTurkeyturkish airlinesTVtwittertyphoonUdMUgandaukukraineununemploymentUNESCOunionsuniverseuniversityuomUSUTMvacanciesvacancyVacoasVacoas Popular Multipurpose Cooperative SocietyVacoas-PhoenixVanilla Islandsvarma caseVATVeekram BhunjunvegetablesVerizonvideoVideo of the Dayvirtual realityvisaVishnu Lutchmeenaraidoovisitvivo energyvolcanowasteWaterWaterparkWeatherwest africawhatsappWhitedot Casewi-fiwikileakswindowsWMAwomenworkwork abroadworkersWorkshopWorldWorld Bankwriting tipsWTOXavier-Luc DuvalyahooYasin DenmamodeyemenYEPYerrigadoogateyoutubeZambiazimbabwe
Mauritius
© 2010-2020 mega.mu