The second edition of our monthly "Tax Mind" features the implications of genuine and artificial business splitting in the context of Mauritius VAT Act ("VATA").
In fact, under VATA, a person is required to compulsorily register for VAT when his annual turnover of taxable supplies exceeds or is expected to exceed Rs 6 million.
As a registered person, he is required to charge VAT on the supply of goods or services, other than exempt and zero-rated supplies, and remit any VAT due to the Mauritius Revenue Authority (“MRA”) through the submission of VAT returns. While the implications of being VAT registered are many, operating as separate units can be tricky particularly when faced by MRA's challenges.
Find out more on the dividing line in this edition of Tax Mind which includes real case studies.
Download the full article in PDF
In this edition of the Tax Mind, you will read the following:
- A background about business splitting
- Artificial business splitting - what are the pointers?
- Court Rulings on a few real cases.
Follow PwC Mauritius
