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@sharmaritachetty

As far as I know it will be taxable depending on how much you transfer into Mauritius, once you become resident for tax purposes. However, you should consult a tax specialist. The thresholds for taxes are available on the websites.

Best wishes.

As others have pointed out it depends on your tax residency. Are you tax resident in Mauritius or South Africa and what the double taxation agreement states? If you are tax resident in Mauritius and you deposit capital but subsequently use it for income I am inclined to think this would be classified as income and taxed accordingly. First 100K MUR is tax free, next 100K is taxed at 10%, the next 100K adter that is taxed at 20%. However if there are two of you then you can probably split it across both your allowances. If you do get an answer from a professional then I would be very interested as our circumstances are similar.

@karibi

The income tax bands ahve changed recently. Please check the relevant official websites.

Best wishes.

I stand corrected, memory is not so good these days or me being overly optimistic. Corrected schedule for the MRA Web site from 1st July 2025.

First Rs 500,000            0%

Next Rs 500,000            10%

Remainder                    20%