- Mauritian Revenue Authority issued VAT Ruling No. 118 on Oct. 12
- Ruling explained VAT on carbon credit sales
- Mauritian company traded in carbon emission reduction credits
- Company considered purchasing carbon credits from trusts in Mauritius
- Tax Agency determined selling carbon credits was subject to VAT
- Seller trusts would need to register for VAT if annual turnovers exceeded 6 million Mauritian rupees
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
