The Finance Act 2025 (Act No. 18 of 2025)

Finance Act 2025 (66 sections amending many Acts; mostly tax and other matters, not in scope). In scope: s. 13 EDB Act new First Schedule (investor USD 50,000 and USD 100,000 options with year-1, cumulative year-5 and renewal turnover targets, 60-day transfer; start-ups; ProPass/Expert Pass and young professionals and self-employed USD 50,000 (not investment routes, not taken); Family Occupation Permit USD 250,000 (already in data); retiree USD 2,000 initial and USD 24,000 a year or USD 2,000 a month (already in data); PRP after 5 years: investor MUR 15 million a year or MUR 75 million, retiree USD 200,000 (already in data), professional MUR 400,000 salary, self-employed MUR 3 million); s. 25 Immigration Act 2022 (retiree permit 10 years, PRP 20 years, retiree conversion USD 40,000 a year, investor permit 10 years, Joint Committee and NELS procedure, dependants up to 24, combined work-residence permit, annual fee per foreign worker) commencing by Proclamation; s. 49 Registration Duty Act and s. 29 Land (Duties and Taxes) Act: new duty basis for non-citizen purchases of EDB scheme property from 1 July 2026 (registration duty rate not printed; land transfer tax 10% on non-citizen-to-non-citizen transfers: term added); s. 44 Non-Citizens (Property Restriction) Act; s. 63 Smart City Regulations (smart city fee for developers, not buyers). Terms and three events added.