Doing Business | Financing

Tuesday, November 15
The tax holiday of freeport operators, which was to be phased out in 2013 will now be carried forward indefinitely by the government.
Wednesday, November 02
"Maurice must be prepared to face this uncertain future and benefit from the opportunities that may arise from any situation disturbed," said Maurice Lam, President of the BOI.
Offshore: India and Mauritius will open negotiations on the tax treaty in December
Thursday, October 27
India and Mauritius have agreed to renegotiate their treaty of double taxation, which is a key element of the development of our offshore sector. The talks between New Delhi and Port Louis will start during the second week of December.
Thursday, October 27
India's richest are getting poorer, according to Forbes, as falling stock prices, corruption scandals in Asia's third-largest economy and a global slowdown wiped 20 percent off the total value of the country's 100 wealthiest in the last year.
Friday, October 21
The Mauritius Revenue Authority (MRA) launched a new version of the VAT 3 form this month. This is used by VAT registered persons to submit returns on a quarterly or monthly basis, depending on their turnover.
Thursday, October 13
AfrAsia Bank has launched its current accounts in renminbi (RMB, China's official currency), making possible a process involving the Chinese currency.
SMEs: Banks in the sights of Duval
Wednesday, October 12
Deputy Prime Minister and Finance Minister Xavier-Luc Duval is currently working on a stimulus package for small and medium enterprises (SMEs) to facilitate their access to finance, particularly credit at preferential rates in the Budget 2012 to be presented Friday, Nov. 4.
A 10% depreciation of the rupee to recoup the textile
Wednesday, October 12
A depreciation of the rupee from 5% to 10% is required to return the textile industry, which suffered the impact of the crisis in Europe," said Ahmed Parkar, the director of Star Knitwear
Monday, October 10
The island’s first prepaid credit card will be launched by Bank One in November. At the bank’s headquarters on Friday, chief executive officer, Raj Dussoye emphasised on the security of the prepaid card, which allows multiple transactions.
Friday, October 07
Recession is a live risk next year, particularly in Europe, a senior IMF figure said Wednesday in Brussels as the eurozone toils with twin sovereign debt and banking crises.
 

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