the 2 per cent Corporate Climate Responsibility levy charged on firms having a turnover of more than MUR 50…
(No. B/360) Mr R. Jhummun (Second Member for Rivière des Anguilles & Souillac) asked the Prime Minister, Minister of Defence, Home Affairs and External Communications, Minister of Finance, Minister for Rodrigues and Outer Islands whether, in regard to the 2 per cent Corporate Climate Responsibility levy charged on firms having a turnover of more than MUR 50 million in the global business sector, he will – 28 (a) for the benefit of the House, obtain from the Mauritius Revenue Authority, information as to the revenue generated since its introduction to date, and (b) state its impact on the global business sector, indicating the purpose thereof.
Madam Speaker, as regards part (a) of the question, I am informed by the Mauritius Revenue Authority that the revenue generated since the introduction of the levy up to end of March 2025 amounted to Rs2.1 billion, out of which, Rs652 million were paid by enterprises holding a global business licence. As regards part (b) of the question, I am informed by the Mauritius Revenue Authority that the effective rate of the levy for many enterprises in the global business sector is actually 0.4% or lower in view of the fact that these enterprises avail themselves of a partial exemption of 80% on specified income or foreign tax credit offsets.
Yes!
Can the hon. Prime Minister inform the House whether there is the possibility of removing the 2% levy tax because other jurisdictions like the Islands of Man and Jersey, our two main competitors, have a lower rate than us?
In fact, I wish to inform the House that representatives of the global business sector have expressed concerns about the CCR levy, claiming that it will negatively affect the long-term competitiveness of the services sector. I am informed by the Financial Services Commission that data for the period July to December 2024 – which I think you asked for – is 6 months after the announcement of the introduction of the CCR levy. Therefore, the new global business company licence has increased by an average of 8% compared to the period of July to December 2023. Now, these concerns are being analysed by my Ministry, together with the Ministry of Financial Services and Economic Planning, in consultation with the Mauritius Revenue Authority, the Financial Services Commission, and other concerned stakeholders. To complete, the CCR levy was applied indiscriminately to all enterprises with a turnover exceeding Rs50 million.
Yes, hon. Second Member for Grand’Baie and Poudre d'Or!
29 GOODLANDS POLICE STATION – POLICE OFFICERS & VEHICLES