On 31 January 2025, the Supreme Court (SC) of Mauritius delivered a landmark judgment reversing a 58-page decision that the Assessment Review Committee (ARC) had issued in favor of the Mauritius Revenue Authority (MRA).The SC confirms that the appellant was eligible to treat 80% of its interest income as exempt, even though its principal activity was the production and sale of electricity, and its interest income was incidental.The SC further clarifies that the Regulations' inclusion of certain activities that may constitute core income-generating activities in the context of interest income does not imply that the scope of the exemption should...