Act providing for additional investment allowance to companies affected by COVID-19
07 Aug 2020
On 7 August 2020, Mauritius published the Finance (Miscellaneous Provisions) Act No. 7 of 2020, which, inter alia, provides for additional investment allowance to companies affected by COVID-19. Where a company has, during the period from 1 March 2020 to 30 June 2020, incurred capital expenditure on the acquisition of a new plant and machinery, it shall additionally be entitled to a deduction of 100 per cent of the capital expenditure so incurred by way of investment allowance.
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Type:
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Promotion and facilitation (Investment incentives)
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