On 21 February 2023, the Supreme Court (SC) of Mauritius issued its judgment in the tax case of Innodis Ltd (the appellant). This was a long-awaited judgment following a ruling issued by the Assessment Review Committee (ARC) on 26 May 2016.The ARC ruled in favor of the Mauritius Revenue Authority (MRA) on: (a) whether passage benefits (cost of air travel for employees) is deductible for corporate tax purposes even if the employees have not yet travelled; and (b) the application of a deemed interest income on the interest free loans (IFL) made by the appellant company to five wholly owned...