The Mauritius National Assembly is considering the Finance (Miscellaneous Provisions) Bill (No. XVI of 2019), which was introduced on 12 July 2019. The object of the Bill is to provide for the implementation of the measures announced in the Budget Speech 2019-2020 and for matters connected, consequential, or incidental thereto ({News-2019-06-14/P/3-previous coverage}). This includes changes in income tax holidays, amendments to fine-tune the system for the taxation of banks, the introduction of a new tax system for REITS, the allowance of loss carry forward upon change in ownership in certain cases, the introduction of substance requirements, and the introduction of...