 News archive: Click here MAURITIUS - OFFSHORE SECTOR The offshore international financial services centre has now been in operation for a decade. The positioning of the island as a business hub to service the region along with its natural comparative advantages of geography and time zone Read more MAURITUS - FREEPORT The Freeport operates as a customs-free zone for all goods destined for re-export. Read more MAURITUS – THE FINANCIAL SERVICES COMMISSION In May 2001, the Financial Services Development Act 2001 was voted to provide for the establishment and management of a Financial Services Commission (FSC) to regulate the non-banking financial services. Read more Mauritius - Country Highlights Mauritius is located in the Indian Ocean approximately 2,400 km off the East coast of Africa and covers an area of 1,865 sq km. The island forms part of the Mascarenes in the south-western part of the Indian Ocean. Its time zone is + 4hrs GMT. Read more Mauritius New Budget 2006-2007 A Business-Friendly Budget by Mr Swadick Nuthay, Economist Read more Forthcoming Budget Le peuple admirable: Put your hand in your pockets Read more TOTAL SOLAR ECLIPSE ACCRA, Ghana - Tourists and scientists were gathering at spots around the world for the first total eclipse in years Read more
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Forthcoming Budget Le peuple admirable: Put your hand in your pockets 2.jpgMauritians are all waiting anxiously for the forthcoming budget. So much has been said about the catastrophic economic situation, that the people are expecting the worse nightmare. Will the VAT rate go as high as 20%? Will other professions and trade be obliged to register for VAT? Will the registration threshold decrease from Rs 3.0 m to Rs 1.0m? Who will pay for our huge national debt? Someone has to pay. Who?Will you have to pay more taxes on your salaries? Will the Ministers' perks be reduced to set examples? Will the middle class have to dig even more in their pockets? Will there be some kind of taxes on the huge wealth of some persons? The government is walking on eggs as we say: trying to manage the economy in such difficult situation but at same time trying to keep the generous promises made to the common people.... So let's wait and see ... only few days are left. In any case, 'le peuple admirable' -start putting your hands in BOTH of your pockets; you could be facing a chilling winter.... |
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