GBC is resident for tax purposes. It is required to file an annual tax return with the Mauritius Revenue Authority within six months of its financial year end.

Further, GBC is required to submit an APS Statement within three months of the end of the quarter and pay tax quarterly on the basis of either last year’s income or the income of the current quarter. However, a company may not submit an APS Statement in respect of an APS quarter where in the accounting year immediately preceding the commencement of that APS quarter:

1.  the company’s gross income did not exceed MUR 10m; or
2.  it had no chargeable income

GBC company is taxed at the rate of 15%, but it may however benefit from an income tax exemption of 80% with respect to:

• Foreign dividend, provided the dividend has not been allowed as a deduction in the source country;
• Interest derived from oversea by a company other than a bank;
• profit attributable to a permanent establishment which a resident company has in a foreign country;
• Oversea income derived by a CIS, closed and fund, CIS manager, CIS administrator, investment adviser or asset manager licensed or approved by the Financial Services Commission; and
• Income derived by Companies engaged in ship and aircraft leasing.

1. Banking
2. Financial service
3. Carrying out the business of holding or managing or otherwise dealing with a collective investment fund or scheme as a professional functionary
4. Providing of registered office facilities, nominee services, directorship services, secretarial services or other services for corporations
5. Providing trusteeship services by way of business
6. Cannot hold immovable property in Mauritius
7. Cannot hold any share, debenture, security or any interest in any company incorporated or registered under the Companies Act 2001 or in any societe or partnership under the Code Civil Mauricien or the Code de Commerce, or in any body corporate or association formed or registered under any enactment in force in Mauritius, other than a corporation holding a Global Business Licence

Not required but financial summary to be filed with Mauritius FSC within six months of reporting date. For newly incorporated Authorised companies, the first financial summary may cover an accounting period not exceeding 18 months starting from their licence date.

An administrative penalty of USD10 will be applicable for each business day of non-compliance with filing of the financial summary with the FSC, up to a statutory limit.