VAT
VAT on Real Estate & Property Development in Mauritius
New builds, rentals, PDS and IRS — the VAT landscape for property.
New residential vs existing
Sales of new residential property by developers may be zero-rated or exempt depending on the scheme (PDS, IRS, Smart City). Existing property resale is exempt.
Commercial property
Rental of commercial property is generally taxable (15%). Residential rental is exempt.
PDS/IRS schemes
Foreign buyers in PDS/IRS schemes get residence rights above USD 375,000 investment. VAT position depends on developer's licence.
Recovery
Developers can typically recover input VAT on construction if final sale is taxable. Timing and cashflow modelling matter.
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