Dear Members,
I posted the questions under "formalities" but it seems I should have done it under "tax".
What are the tax liabilities of a person on Retirement Permit(RP) in Mauritius?
• is the capital (40K USD per year or 120K before applying) brought to Mauritius in the process for RP taxable?
• Does one (retiree om RP) have to declare his worldwide assets and are they taxable in Mauritius? I think they are taxable only if remitted to Mauritius and not a capital, right?
• Is it needed one to report to MTA If one is a shareholder and/or Beneficial Owner of a company outside Mauritius (not doing business in MUR). Does one have to declare the assets of such a company and is such company taxable if one live in Mauritius as retiree?
• If one transfer USD 120,000 at time of application he should be allowed to purchase an apartment. Can one use portion of those 120K for the purchase?
Regards