A self-employed person is someone who works for his own. He / she usually receive 12 to 15 inwards transactions following invoices made per year but cannot have employees working for him / her.

A company’s director can either remain employed in his company abroad with a minimum nominal salary for pension contribution. Then all extra salary is being invoiced to his company as management fees. He will be taxed only on the profits derived in Mauritius (Turnover less expenses) at the end of each fiscal year (30th June). He can also choose not to have any salary abroad and invoice the full amount from Mauritius.

• 100% legal and transparent

• FREE OF CHARGE as our fees are automatically converted into a tax credit for the same amount and are deducted from the future tax payable in Mauritius

• The guarantee that we take full responsibility if our customers have any penalty or additional tax payable resulting from our wrongful calculations and/or advice if the customer has followed all our advices and paid the taxes we have calculated. This guarantee takes effect once a contract is signed between OSC and its customers and the related fees paid subsequently.

• 100% legal and transparent

• The authorized expenses can be recorded retroactively giving a tax credit on future tax payments in addition to the tax credit linked to our fees

• Low Tax rate, 15%

• Double Taxation Avoidance Treaties linking Mauritius with France, UK, South Africa

• Mauritian laws do not fix a maximum turnover for a self-employed.

• Possibility of having savings bank accounts in GBP, EUR and USD with a free visa debit card linked to the bank account

• Mauritian Law allows to take into consideration expenses which other countries do not allow for the Tax calculation like insurances etc… See example tab.

Example:

Turnover for 1 year: £ 50 000
Expenses for 1 year:
Direct expenses (Transport, etc…)
Insurances (accident, medical, vehicle, home, life etc…)
Private pension plans
Personal Rent
Domestic bills for Electricity, water, gas
Telephone bills (land lines, Internet and mobile)
Leasing for vehicles and cars (Full Rent)
Air tickets + Hotel bills (even for holidays including for the self-employed family if he pays for it)
Other expenses, (restaurants etc…)
Overseas expenses (100%)
Bank charges
Accounting and advises etc…
Personal Home Loan (full monthly instalments)
Total expenses for one year: £ 45 000 – Profit (Turnover less expenses): £ 5 000
Tax 15%: £ 750 instead of £13,532.80 in UK

1. Direct expenses (to be included in costs of sales)
2. Insurances (all types, both private and business related)
3. Private pension plans (owner and immediate family only)
4. Rent (both personal and business related)
5. Utility bills i.e Electricity, water, gas Telephone bills (land lines, Internet and mobile)
6. Leasing for vehicles and cars (capital + interest i.e full yearly or monthly payment to be recorded)
7. Air tickets + Hotel bills (including holidays but for the owner and immediate family)
8. Other expenses, i.e restaurants, promotional activities, stationery and sundries (only purchases in supermarkets located in the owners country of permanent residence are not authorised
9. Education expenses (for the owner only including those made overseas)
10. Overseas expenses i.e outside the owner’s country of permanent residence (100% of overseas expenses to be recorded except for education where item number 9 applies)
11. Bank charges
12. Accounting and other professional advises
13. Personal Home Loan (capital + interest + loan insurance i.e. Full yearly or monthly instalment to be recorded)

Notes :

1. Only expenses borne by the individual business or the owner must be recorded following invoice issued on the individual business or the owner and proof of payment made from the individual business or owner’s bank account.

2. Expenses can be made everywhere in the world and recorded in Mauritius if made following note 1’s process.

3. Individual Business owned by foreigners and/or not residents must have a local tax representative (Management Company or Accounting Firm) who will take the full tax reporting liability. A copy of the contract showing this above liability is to be submitted at time of registration.

Who is a self-employed person ?

A self-employed person is someone who works for his own. He / she usually receive 12 to 15 inwards transactions following invoices made per year but cannot have employees working for him / her.

How does it work for companies’ directors ?

A company’s director can either remain employed in his company abroad with a minimum nominal salary for pension contribution. Then all extra salary is being invoiced to his company as management fees. He will be taxed only on the profits derived in Mauritius (Turnover less expenses) at the end of each fiscal year (30th June). He can also choose not to have any salary abroad and invoice the full amount from Mauritius.

Why OSC ?

• 100% legal and transparent

• FREE OF CHARGE as our fees are automatically converted into a tax credit for the same amount and are deducted from the future tax payable in Mauritius

• The guarantee that we take full responsibility if our customers have any penalty or additional tax payable resulting from our wrongful calculations and/or advice if the customer has followed all our advices and paid the taxes we have calculated. This guarantee takes effect once a contract is signed between OSC and its customers and the related fees paid subsequently.

Why Mauritius ?

• 100% legal and transparent

• The authorized expenses can be recorded retroactively giving a tax credit on future tax payments in addition to the tax credit linked to our fees

• Low Tax rate, 15%

• Double Taxation Avoidance Treaties linking Mauritius with France, UK, South Africa

• Mauritian laws do not fix a maximum turnover for a self-employed.

• Possibility of having savings bank accounts in GBP, EUR and USD with a free visa debit card linked to the bank account

• Mauritian Law allows to take into consideration expenses which other countries do not allow for the Tax calculation like insurances etc… See example tab.

Example :

Example:

Turnover for 1 year: £ 50 000
Expenses for 1 year:
Direct expenses (Transport, etc…)
Insurances (accident, medical, vehicle, home, life etc…)
Private pension plans
Personal Rent
Domestic bills for Electricity, water, gas
Telephone bills (land lines, Internet and mobile)
Leasing for vehicles and cars (Full Rent)
Air tickets + Hotel bills (even for holidays including for the self-employed family if he pays for it)
Other expenses, (restaurants etc…)
Overseas expenses (100%)
Bank charges
Accounting and advises etc…
Personal Home Loan (full monthly instalments)
Total expenses for one year: £ 45 000 – Profit (Turnover less expenses): £ 5 000
Tax 15%: £ 750 instead of £13,532.80 in UK

1. Direct expenses (to be included in costs of sales)
2. Insurances (all types, both private and business related)
3. Private pension plans (owner and immediate family only)
4. Rent (both personal and business related)
5. Utility bills i.e Electricity, water, gas Telephone bills (land lines, Internet and mobile)
6. Leasing for vehicles and cars (capital + interest i.e full yearly or monthly payment to be recorded)
7. Air tickets + Hotel bills (including holidays but for the owner and immediate family)
8. Other expenses, i.e restaurants, promotional activities, stationery and sundries (only purchases in supermarkets located in the owners country of permanent residence are not authorised
9. Education expenses (for the owner only including those made overseas)
10. Overseas expenses i.e outside the owner’s country of permanent residence (100% of overseas expenses to be recorded except for education where item number 9 applies)
11. Bank charges
12. Accounting and other professional advises
13. Personal Home Loan (capital + interest + loan insurance i.e. Full yearly or monthly instalment to be recorded)

Notes :

1. Only expenses borne by the individual business or the owner must be recorded following invoice issued on the individual business or the owner and proof of payment made from the individual business or owner’s bank account.

2. Expenses can be made everywhere in the world and recorded in Mauritius if made following note 1’s process.

3. Individual Business owned by foreigners and/or not residents must have a local tax representative (Management Company or Accounting Firm) who will take the full tax reporting liability. A copy of the contract showing this above liability is to be submitted at time of registration.

The rate of VAT in force is 15%.
It is applicable if paid in Mauritius only.
VAT is exempted if our fees are paid by bank transfer from abroad.