Bad news for South Africans with cash stashed in Mauritius

[BusinessTech]

Bad news for South Africans with cash stashed in Mauritius

The Mauritius Revenue Authority (MRA) recently announced that foreign trusts held in Mauritius will no longer be exempt from income taxes.

 

[Pineapple Smurf]

Goodbye to your money @Kornhole Please pay your taxes, thank you

 

[Sinbad]

Pay your Mauritius TV license, it's the right thing to do

 

[Kornhub]

Goodbye to your money @Kornhole Please pay your taxes, thank you

/Plays powerball

 

[MrGray]

Sounds like bad news for Mauritius as well.

 

[Thor]

Afrinic is fcked.

 

[Space]

Bad news for South Africans with cash stashed in Mauritius

The Mauritius Revenue Authority (MRA) recently announced that foreign trusts held in Mauritius will no longer be exempt from income taxes.

i’ll pay the 15% flat rate individual/company/trust tax in Mauritius any day compared to 45% in SA