National Budget 2020/2021: “Our New Normal... The Economy of Life”

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S E C T O RR E V I E W S
Sector ReviewConstruction of 12,000 social housingunitsConstruction of new roads and bridgesCompletion of the Metro System fromRose Hill to CurepipeInvestment in a Breakwater, Fishing Portand the Cruise Terminal BuildingInvestment tax credit of 15 % over 3 yearswill be extended to all manufacturingcompanies.Double deduction on the cost ofacquisition of patents and franchisesand costs incurred to comply withinternational quality standards andnorms.Facilitating purchases of immovableproperties by foreign buyers throughdigital Power of AttorneyA G R I C U LT U R A LS E C T O RE X P O R TS E C T O RConversion of 10% of land for residentialor commercial purpose for small plantershaving up to 10 acres of agricultural land.C O N S T R U C T I O NS E C T O RProvision of loans by the DBM atconcessional rate of 0.5 p.a for companiesaffected by COVID 19 pandemic.Planters will be guaranteed a price ofMUR 25,000 per ton for the first 60 tonsof sugar.Customs duty on imported sugar will beincreased from 80% to 100%.M A N U F A C T U R I N GS E C T O RFreight Rebate Scheme for exports toAfrica and the Trade Promotion andMarketing Scheme for exports to Japan,Australia, Canada and the Middle East.Government will support the firsttwo years of operation of a “Made inMauritius” warehouse set-up in Tanzaniaand Mozambique.
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Page 3 and 4: Group CEO’s FocusWe have conscien
Page 5 and 6: Economic SnapshotBUDGET ESTIMATES20
Page 7 and 8: Financial ServicesThe consolidation
Page 9 and 10: T A X A T I O N%S E R V I C E S
Page 11 and 12: Taxation ServicesValue Added TaxMed
Page 13: WORK & LIVEIN MAURITIUSOpening to t
Page 17 and 18: S O C I A L M E A S U R E S& O T H
Page 19 and 20: About CEOMrs Nishi Kichenin is a to

National Budget 2020/2021: “Our New Normal... The Economy of Life”

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