Mauritius Wealth Tax Guide 2026

Overview — No Wealth Tax

Mauritius has no wealth tax in any form. There is no annual tax on:

• Net worth or total assets
• Bank deposits or cash holdings
• Investment portfolios (shares, bonds, mutual funds)
• Business interests or company ownership
• Personal property (vehicles, jewellery, art, collectibles)
• Foreign assets held by Mauritian residents

The absence of wealth tax, combined with 0% CGT, no inheritance tax, and a flat 15% IIT, creates an extremely favourable environment for wealth accumulation and preservation.

Solidarity Levy on High-Value Property — Over MUR 10M

The only wealth-related charge is the Solidarity Levy (also called the High-Value Property Levy), which applies to owners of immovable property with a market value exceeding MUR 10 million. The levy is an annual tax calculated on the property value:

• 0.5% on the portion of the property value between MUR 10 million and MUR 20 million
• 1% on the portion of the property value above MUR 20 million

For example, a property valued at MUR 15 million would incur a Solidarity Levy of (MUR 15M - MUR 10M) × 0.5% = MUR 25,000 per year. A property valued at MUR 30 million would incur (MUR 10M × 0%) + (MUR 10M × 0.5%) + (MUR 10M × 1%) = MUR 150,000 per year. Properties valued at or below MUR 10 million are exempt.

Annual Land Tax (Local Authority)

In addition to the Solidarity Levy, property owners pay an annual land tax to local authorities (municipalities and district councils). This tax is based on the site value (unimproved land value) and is typically very low — 0.1% to 0.5% of the site value. Improvements (buildings) are not subject to the land tax. The land tax is not a wealth tax but a local government charge.

Comparison with Other Jurisdictions

Mauritius's position on wealth taxation is highly favourable compared to many other countries:

• France: Impôt sur la Fortune Immobilière (IFI) at 0.5–1.5% on real estate > €1.3M
• Switzerland: Cantonal wealth tax at 0.1–1% on total net worth
• Norway: Net wealth tax at 0.95% (national + municipal) on assets > NOK 1.7M
• Spain: Wealth tax at 0.2–3.5% on assets > €700,000
• India: No wealth tax (abolished in 2015)
• UAE, Singapore, Hong Kong: No wealth tax (similar to Mauritius)

Wealth Planning Considerations

For high-net-worth individuals considering Mauritius, the tax advantages include:

• No annual cost of wealth holding (except the property solidarity levy for high-value real estate)
• 0% CGT allows tax-free rebalancing of investment portfolios
• No inheritance tax simplifies multi-generational wealth transfer
• Trust and foundation legislation provides flexible succession planning
• Residence permits available for investors and retirees

FAQs

Is there a tax on my global net worth if I move to Mauritius?

No, Mauritius does not impose any net wealth tax on residents. Your worldwide assets — bank accounts, investments, properties, businesses — are not subject to any annual wealth tax. The only property-related tax is the Solidarity Levy on Mauritian real estate over MUR 10 million.

Does the Solidarity Levy apply to commercial property?

Yes, the Solidarity Levy applies to all immovable property (residential, commercial, industrial, and vacant land) with a market value exceeding MUR 10 million. The property owner is liable regardless of whether the property is used personally or rented out.

Are there any other taxes that could be considered wealth taxes?

No. Mauritius has no wealth transfer tax, no estate duty, no capital gains tax, and no tax on financial transactions. The stamp duty and registration duty on property transfers are one-time transaction costs, not annual wealth charges.

Disclaimer

This guide provides general information about Mauritian wealth tax rules for the 2026 tax year. Tax laws may change. Always consult with a qualified Mauritian tax advisor or the MRA directly for advice specific to your situation. InvestmentKit does not provide tax advice.