The Mauritius Parliament passed the Finance (Miscellaneous Provisions) Act 2022 (“FA 2022”) on 29 July 2022, which enacts into law the measures announced in the Budget Speech 2022-2023.

The FA 2022, aligns with the socio-economic objectives of the Budget Speech 2022-2023, aimed towards alleviating the economic burdens of the lower and middle classes amidst the economic crisis in the wake of the COVID 19 pandemic and the escalating conflicts in Ukraine. The FA 2022 also aims to strengthen the regulatory landscape of Mauritius as part of the ongoing objective of adhering to the global standards of compliance, while also enacting environmentally friendly measures to promote sustainable development.

Click HERE to read the Axis and BLC Robert Finance (Miscellaneous Provisions) Act 2022 publication which provides an overview of the pertinent legislative measures in terms of Taxation, Employment, Conduct of Business, Regulatory Environment, Banking and Real Estate, impacting business activities in Mauritius.