Mauritius News Service from Mauritius (Ile maurice) - Articles -

Mauritius Telecom goes live

no@spam.com (Mauritius News Service - Staff) — Sun, 23 Sep 2007 22:03:15 EDT

Mauritius Telecom, the largest publisher of phone directories in Mauritius, has started live production of nxDSMP, nxPageSmart and nxAdSmart. The new directory system from net-linx is central to the success of business development strategies.

Mauritius Revenue Authority - Online TAX return

no@spam.com (Mauritius News Service - Staff) — Sun, 23 Sep 2007 11:30:35 EDT

The Mauritius Revenue Authority (MRA) has been established as an agency of the State for revenue collection and management of Revenue laws. MRA is a body corporate with its own Board under the supervision of the Minister of Finance and Economic Development. The MRA is responsible for the administration of tax policy, and the collection and accounting of all revenues arising under the Revenue laws.

E-Filing - Tax/MRA Return Online
Approved E-Filing Service Centres	Individual

Mauritius National Budget 2007 - 2008

no@spam.com (Mauritius News Service - Staff) — Sun, 17 Jun 2007 13:19:56 EDT

Ministry Of Finance and Economic Development
Mauritius National Budget 2007 - 2008

Budget Speech 2007 - 2008 (doc)

Budget Speech 2007 - 2008 (pdf)

Draft Capital Budget

Draft Recurrent Budget

RECURRENT BUDGET WITH MEMORANDUM

RECURRENT BUDGET

REVENUE

EXPENDITURE

APPENDICES

Programme-based Budget (2007-2008 to 2009-2010)

The Customs Tariff Act (Amendment of Schedule) (No. 4) Regulations 2007

Mauritius National Budget 2007 - 2008

no@spam.com (Mauritius News Service - Staff) — Sun, 17 Jun 2007 13:15:40 EDT

Mauritius National Budget 2007 - 2008

Budget Analysis

Kemp Chatteris Deloitte commentary on the Budget (pdf)

CAPITAL BUDGET WITH MEMORANDUM

no@spam.com (Mauritius News Service - Staff) — Fri, 15 Jun 2007 22:42:27 EDT

CONCLUSION

no@spam.com (Mauritius News Service - Staff) — Fri, 15 Jun 2007 22:15:29 EDT

307. Mr Speaker, Sir, let me remind the nation once again where we started and where we are going.

308. We have moved the nation from decline to the beginning of a promising recovery. By maintaining course and completing the work we have started we will put the country back on the road to prosperity.

309. Last year we took a commitment to put the economy back on the right track and to restore public finances. We pledged to empower more people. We also promised to share the gains from recovery with all the population, especially the weakest. Mr Speaker, Sir, with this Budget we have created the conditions for sustainable growth and full employment, we have empowered a growing number of our people, we have displayed compassion and solidarity for the neediest and all this while also putting the public finances back on the right track. We are taming the twin beasts of budget deficit and public debt to create fiscal space for development. For the first time in many years, both are coming down as a share of GDP while capital expenditure has soared.

310. Mr Speaker, Sir, no sustainable reduction in poverty can be achieved without strong job creation. This is why this Budget is about creating the conditions for robust, sustained and inclusive growth whilst laying the foundations for reaching full employment in the medium term.

311. But this Budget is also, as Amartya Sen would put it, about enhancing and expanding human capabilities and giving everybody the possibility of being a respected participant in society. And it equally bolsters the spirit of solidarity with the poor, the vulnerable and the weak.

312. Mr Speaker, Sir, last year we braced ourselves to face the confluence of threats coming from everywhere. We have done it. Today we are harnessing the waves of opportunities. They are many. The future looks bright. But not if we stand still and wait. We must push forward. In nation building there are no roads without hurdles. We must continue our journey, push to new frontiers and open new horizons for our children. This Budget will take us to these goals.

313. Mr Speaker, Sir, I now commend the Bill to the House.

EQUITY FOR SMALL PLANTERS

no@spam.com (Mauritius News Service - Staff) — Fri, 15 Jun 2007 22:13:47 EDT

297. Mr Speaker, Sir, in 1994, as Minister of Finance, I negotiated and signed a landmark agreement with the sugar industry. This historic agreement for the first time made small sugar cane planters and employees owners of sugar milling companies to the tune of 20 percent of the capital.

298. I structured the deal with a combination of loans and grants to make it affordable to planters and employees to become shareholders. Many had doubts about that vision. Thirteen years later, most people have rallied to the concept of broadening share ownership and creating a partnership amongst stakeholders of the industry.

BUDGET OUTLOOK

no@spam.com (Mauritius News Service - Staff) — Fri, 15 Jun 2007 22:09:58 EDT

282. I shall now sum up the Budget Estimates for 2007/08 and indicate the fiscal outlook.

283. The single most important factor determining next year’s expenditure estimates is an expected 28 percent increase in interest payments. We have had to make provision for Rs 12 billion next year to meet this obligation.

284. In spite of this, we expect to contain current expenditure next year to Rs 50.5 billion or 20.3 percent of GDP, a 0.2 percentage point decrease.

PERSONAL INCOME TAX

no@spam.com (Mauritius News Service - Staff) — Fri, 15 Jun 2007 22:09:35 EDT

275. Mr Speaker, Sir, I have one last measure concerning taxation.

276. Throughout this Budget I have shown the solidarity of this Government not only with those who cannot help themselves but equally with those who help themselves. Government wants to reward all who make efforts.

277. Last year I lowered the top marginal rate from 30 percent to 22.5 percent, a reduction of 25 percent. I also reduced the number of tax bands from 4 to 2. I widened the tax band to Rs 500,000. I also considerably raised the income exemption threshold to up to Rs 425,000. These four measures have resulted in removing more than half of taxpayers from the tax net and lowered the tax burden on the vast majority of tax payers.

278. Mr Speaker, Sir, we want to continue to reward effort, hard work and enterprise. I am very pleased to announce that I am eliminating the top rate of 22.5 percent.

279. This means that from 1 July 2007 all individual tax payers will face a flat rate of 15 percent.

280. We have, therefore, brought the reduction in tax rate forward by two years.

281. Mr Speaker, Sir, in just one year I have halved the top personal income tax rate from 30 percent to 15 percent.

NATIONAL RESIDENTIAL PROPERTY TAX

no@spam.com (Mauritius News Service - Staff) — Fri, 15 Jun 2007 22:08:29 EDT

268. Mr Speaker Sir, I have stated earlier that Government pledges to stay sensitive to the voice of our population. I want to redeem that pledge in the case of the NRPT. We have listened to the concerns of the population. A committee of experts have revisited the incidence of that tax and the complexities in its application and we have weighed all these with the need to strike fairness in our tax system.