Mauritius Compliance Report

Regulatory Overview

Regulatory Status

Some rules exist but significant gaps; draft legislation or limited guidance

Key Regulator(s)

Bank of Mauritius, Financial Services Commission

Primary Legislation

meets the definition of a 'security' under the Securities Act 2005., Securities Act 2005 Compliance: Issuers of security tokens must comply with the, VAITOS Act 2021 Compliance for ITOs: Even if it's a security token, an Initial T, VAITOS Act 2021 Compliance: Issuers of non-security tokens still require prior a, the VAITOS Act 2021

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

No Capital Gains Tax: Mauritius does not generally impose a Capital Gains Tax on the sale of assets.. Implication for Crypto: For individuals holding cryptocurrency as a passive investment, profits realised from the sale of these assets are typically not subject to capital gains tax in Mauritius.. Crucial Distinction: This exemption does not apply if the activity is deemed to be a trade or business. If an individual or entity is systematically and frequently buying and selling crypto with the intention of making profits, the MRA is likely to classify this as a business activity, and the profits would then be subject to income tax.. Trading as a Business: If an individual or company engages in frequent, systematic, and organised trading of cryptocurrencies with the intention of generating profits (e.g., day trading, arbitrage, professional speculation), the profits will be taxed as business income.. Mining Operations: Income generated from successful cryptocurrency mining activities (e.g., block rewards in newly minted coins) is generally considered business income.

Key Facts

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