As a key aspect of the reform of the indirect tax system, on September 7, 1998, Mauritius introduced a value-added tax (VAT).
Which country introduced VAT at first?
Saudi Arabia, UAE introduce VAT in first for Gulf countries.
Does Mauritius charge VAT?
Value Added Tax (VAT) is a tax on goods and services. It is chargeable on all taxable supplies of goods and services made in Mauritius by a VAT registered person in the course or furtherance of any business carried on by him. The rate of VAT is 15%.
Do you have to pay tax in Mauritius?
Basis – Mauritius residents are taxed on Mauritius-source income and foreign income remitted to Mauritius. Nonresidents are taxed only on Mauritius-source income. … Rates – The standard rate is 15%, but a reduced rate of 10% applies to individuals whose annual net income does not exceed MUR 650,000.
How much tax do you pay in Mauritius?
Personal income tax rates
As of 1 July 2018, the tax rate of 15% was reduced to 10% on annual net income derived by an individual of up to 650,000 Mauritian rupees (MUR). Net income derived above MUR 650,000 will be taxed at 15%.
Who started VAT?
On 1 January 1973 the UK joined the European Economic Community and as a consequence Purchase Tax was replaced by Value Added Tax on 1 April 1973. The Conservative Chancellor Lord Barber set a single VAT rate (10%) on most goods and services.
Who is the father of GST?
Vajpayee set up a committee headed by the Finance Minister of West Bengal, Asim Dasgupta to design a GST model. The Asim Dasgupta committee which was also tasked with putting in place the back-end technology and logistics (later came to be known as the GST Network, or GSTN, in 2015).