Africa-Press – Mauritius. The South African Chamber of Commerce in Mauritius (SACC), in collaboration with ABC Banking Corporation, hosted a post-budget analysis session with Minister Delegate of Finance Dhaneshwar Damry. The session addressed key aspects of the 2025-26 budget, including tax reform, residency permit changes, the investment climate, and Mauritius’s repositioning as a diversified economy founded on the rule of law.
Minister Damry acknowledged concerns regarding the budget and emphasized that Mauritius is at a turning point, needing to move beyond traditional sectors through structural reforms and social equity. The goal is to return to a lighter tax policy in two to three years once public finances are consolidated. The budget aims to balance past choices with future economic demands, requiring rigor and determination.
Among the debated measures are revisions to long-term residency permits, the introduction of a tax on real estate capital gains, a physical presence requirement for retirees, and a two-speed tax system. Damry assured investors that Mauritius is a rule-of-law state and that no provision will apply retroactively. He also emphasized the move towards a rules-based migration and investment regime, ensuring predictability, transparency, and international compatibility.
Damry advocated for a more equitable contribution framework, stating that those who can afford it should participate more in supporting national infrastructure. The preparation of a Blueprint for financial services aims to modernize the regulatory framework, integrate wealth management and family office features, and enhance Mauritius’s credibility beyond real estate.
Regarding the Chagos settlement funds, Damry stated that they would be allocated between immediate debt repayment and the creation of a long-term strategic investment vehicle. Inspired by models like Temasek (Singapore) and the Australian Future Fund, this initiative seeks to transform a geopolitical milestone into a sustainable lever for fiscal stability and national development. He also confirmed that institutional reforms are underway, including within the Mauritius Revenue Authority (MRA), to create a more citizen-centric public sector.
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