It is welcoming to note the Financial Service Commission (‘’FSC’’) issued a communiqué in January 2022 to clarify its new policy stand with regard to the application of CIGA on applicants and holders of a global business licence. The FSC emphasized that CIGA is a requirement of tax laws and is imposed on entities claiming a preferential tax advantage. Accordingly, it will expect entities willing to take benefit of preferential tax advantage to demonstrate that their CIGA are being carried out in Mauritius.

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