Under the Income Tax (Foreign Tax Credit) Regulations 1996 (the ITFTC Regulations) and the Income Tax Act (s 77), unilateral foreign tax credit is allowed for foreign taxes paid by residents, limited to Mauritius tax charged on the relevant foreign income subject to tax. Where credit is allowed against Mauritius tax chargeable in respect of any income, the amount of Mauritius tax so chargeable shall be reduced by the amount of the credit.
Similar provisions for foreign tax credit are made in different tax treaties in force in Mauritius,
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