Mauritius Finance Act 2020

Titled “Our New Normal: The Economy of Life”, the 2020 Budget Speech was mostly devoted to dealing with the aftermath of the national lockdown brought about by the COVID-19 pandemic. Several measures aimed at reviving the major industries such as construction and manufacturing were announced, as well as to support employment and minimize job losses. For the financial services sector, the Minister had re-iterated the government’s commitment to ensure that the financial services sector operates within recommended international best practices and norms.

The Finance Act 2020, which will implement the measures announced in the Budget, has now been approved and received the assent of the President on 7 August 2020.